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The Nizam of Hyderabad's throne in Chowmahalla Palace. During the period of the Nizams' rule, Hyderabad became wealthy - thanks to the Golconda mines which were the only sources of diamonds in the world market at that time (apart from South African mines) making the 7th Nizam the richest person in the world.
Mir Osman Ali Khan acceded as the Nizam of Hyderabad upon the death of his father in 1911. The state of Hyderabad was the largest of the princely states in colonial India. With an area of 86,000 square miles (223,000 km 2), it was roughly the size of the present-day United Kingdom.
Nizam’s great-grandson, Himayat Ali Mirza, said Nizam’s exclusive jewels are among the most elegant collections in the world. He has recently urged the Prime Minister to relocate Nizam’s Jewellery to Hyderabad by establishing a museum in the city. [8] [10] [11] Along with the Nizam’s jewels are two Bari gold coins worth hundreds of crores.
Chowmahalla Palace or Chowmahallat is the palace of the Nizams of Hyderabad State located in Hyderabad, Telangana, India. [1] It was the seat of power of the Asaf Jahi dynasty (1720-1948) and was the official residence of the Nizams during their reign. The palace has been converted into a museum and the ownership still lies with the family.
Hyderabad State, (its capital and largest city Hyderabad) under the Nizams of Hyderabad, was the largest princely state in India, with an area larger than England, Scotland and Wales combined. It was considered the "senior-most" princely-state, and within the elaborate protocols of the Raj, its ruler the Nizam was accorded a 21-gun salute.
The last Nizam of Hyderabad Mir Osman Ali Khan ruled the state from 1911 until 1948. He was given the title "Faithful Ally of the British Empire". [14] The Nizam also established Hyderabad State Bank. Hyderabad was the only independent state in Indian subcontinent that had its currency, the Hyderabadi rupee. [39]
He assumed the Subedari of the Deccan at the age of 28 years and ruled the Deccan for almost 42 years - the longest period among the Nizams. [6] His reign was one of the most important chapters in the history of the Asaf Jahi dynasty. Among his efforts to consolidate the Nizam empire was the shift of the Deccan capital from Aurangabad to Hyderabad.
Mir Nizam Ali Khan Siddiqi, Asaf Jah II (7 March 1734 – 6 August 1803) was the 5th Nizam of Hyderabad State between 1762 and 1803. He was born on 7 March 1734 as fourth son to Asaf Jah I and Umda Begum.