Hyderabad Nizam’s jewels make Rs 700 crore in auction which lasted for 12 hours

HIGHLIGHTS

  • The Nizam’s jewels were part of 400 pieces of Indian jewellery that were auctioned
  • A diamond riviera necklace from the collection of the Nizam was auctioned for nearly Rs 17 crore
  • Mir Osman Ali Khan, the world’s richest man of his times, passed away in 1967

There were mixed feelings of pride and pain for the family of the Nizam of Hyderabad while watching online the auction of his famed jewels at Christie’s in New York.

Several pieces from treasure house of Nizam Mir Osman Ali Khan, the last ruler of erstwhile Hyderabad state, were sold by globally-renowned auction house on July 19.

A ceremonial sword of the Nizam fetched $1,935,000 (Rs 13.4 crore) while ‘The Mirror of Paradise’, a 52.58 carat rectangular cut-diamond went for $6,517,500 (about Rs 45 crore).

Nawab Najaf Ali Khan was keen to know how much the famed jewels of his grandfather will fetch.

“I was feeling happy that each and every piece of my grandfather’s collection is priceless and is valued so much by art connoisseurs around the world. They were being sold for 10 to 15 times more than their base price,” Najaf Ali Khan told IANS.

He, however, was also sad that the prized possessions of his grandfather were being sold in a distant land and the family did not even know they once belonged to them.

“For the first time we came to know that this was ours. It was natural to feel the pain,” Najaf Ali Khan, one of the many grandsons of the late Nizam, said

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