Nizam’s necklace sold for Rs 17 cr

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HYDERABAD: The 400 pieces of Indian jewelry that were put under auction at Christie’s in New York on 19 June, fetched about Rs 758 cr approximately, including several from treasure house of Nizam Mir Osman Ali Khan. One of pieces from Hyderabad, a traditional sword of Nizam, fetched Rs 13.4 cr, while the Mirror of Paradise diamond, which originated from Golconda mines, went for nearly Rs 45 cr.

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An old diamond riviere necklace from treasure house of Nizams was auctioned for nearly Rs 17 cr. Some of the bidders said that 33-diamond necklace surpassed its approximation. The necklace was valued to be sold for nearly Rs 10.5 crore.

A declaration from Christie’s said it was highest total for any auction of Indian art and the 2nd-highest auction total for a private jewelry collection.

The auction continuous for over 12 hours long and had the bidders from India and 44 other nations. Royal families of Jaipur, Baroda and Indore were also represented in the sale.

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