The Jewels of the Nizams of Hyderabad State are among the largest and most expensive collection of jewels in present-day India. The jewels belonged to the Nizams. 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 diamond 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 in Mumbai.
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