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The. JewelsJewels of the Nizams of Hyderabad Jewels of the Nizams of Hyderabad Indian jewellery collection The Jewels of the Nizams of Hyderabad State are among the largest and most expensive collection of jewels in present-day India.[1] The jewels belonged to the Nizams, rulers of Hyderabad State. After the annexation of their kingdom by Union of India, the Nizam and his heirs were barred by the Indian government from taking the collection, claiming that it was a national treasure. After much litigation, the Jacob Diamond[clarification needed] was purchased by the Government of India from the Nizam's trust for an estimated $13 million in 1995, along with other jewels of the Nizams, and is held at the Reserve Bank of India vaults… (Source: Wikipedia)
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