Wednesday, 13 February 2019

185-carat Jacob diamond leads Hyderbad jewel exhibition

Tight security will be in place at the National Museum in New Delhi as it will exhibit the priceless jewellery collection of the Nizam of Hyderabad. 173 items will be placed in more than 25 showcases. The 185-carat Jacob diamond is among the treasures.
Hyderabad's last NizamThe stone is named after Alexander Jacob, the merchant who sold the diamond to Mahbub Ali Khan. (Nizam of Hyderabad in 1884) There was no written contract for the sale. If the Nizam liked it, he would simply say pasand (approved) if not, napasand (rejected). And napasand it was. A clever negotiating technique. Ultimately the Nizam was awarded the diamond for almost half of his original offer. It was several years after the death of his father that the last Nizam, Osman Ali Khan, found the Jacob Diamond in the toe of his father’s shoe. He used it as a paper weight for years until the diamond's true value was realized and it was stored away with other treasures. The diamond was purchased by the Government of India from the Nizam's trust for an estimated $33 million in 1995, along with the other Jewels of The Nizams. This was surely a bargain for the ages.
See ----->Jewels of the Nizam of Hyderabad