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Nizam's paperweight worth over Rs.1000 cr!

Fri, Jan 22, 2016, 06:00 PM
Nizam rulers and diamonds were inseparable. Kohinoor diamond had also passed through Nizam's hands to the British Crown. It's another story that Kohinoor was found in the Gudivada area, not Golconda mines.

Nizam Mir Osman Ali Khan was the richest man in the world, and he used the famed Jacob Diamond as a paperweight!

The story goes Jacob Diamond mined in South Africa was brought to the Nizams for sale by European traders. The transaction could not be carried out over its price. That was in 1891, when the Sixth Nizam was the ruler.

The traders, like persistent car salesmen, sent Malcolm Jacob with a renewed offer. Nizam offered him Rs. 46 lakh. The traders were unhappy. The matter was taken to court.

The court halved the price and fixed it at Rs.23 lakh. Nizam was too glad to pay the price and take the diamond.

Although he purchased the diamond, Nizam showed no great interest in the possession on account of the controversy surrounding it. But because Jacob brokered the deal, he named it after the trader.

After the sixth Nizam passed away, his son had found the diamond in the shoe of his father. Mir Osman Ali Khan got it retrieved from the shoe and started using it as paperweight.

The Great White Diamond, as Jacob's diamond is called, was 400 carat (80 grams) before cutting and 185.4 carat (36.9 gms) after cutting.

The Government of India at present owns the diamond and is priced at Rs.1000+ crore.

The GOI should also make efforts to get back Kohinoor from the British Crown for it belongs here.
Agency: Ap7am Desk
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