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After much litigation, the diamond [clarification needed] 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.
Diamond mine in the Golconda region 1725 CE from the collection of Pieter van der Aa—a Dutch publisher known for preparing maps and atlases.. The period of peak production of the Golconda diamonds (in the present-day states Andhra Pradesh and Telangana, India) was under the Qutb Shahi dynasty (16th century – 17th century CE), and the region was also known as the "Golconda Sultanate".
The largest markets are USA (about half), China and India. [3] As of 2017 larger diamonds had appreciated in value since 2008 more than smaller ones. [4] [5] In early 2025 diamond prices had dropped significantly from a peak in 2022; prices of natural gems in shops dropped by 26% by the beginning of 2025.
The weight of a diamond is one of these variables that determines a diamond’s worth and is what the general public is most familiar with. The unit of measurement, called the carat, equals 200 ...
A round brilliant cut diamond set in a ring. The most familiar uses of diamonds today are ... in India, employing low cost labor, has allowed smaller diamonds to be ...
The Golconda diamondiferous region is located in the Southern Indian peninsular shield, [2] which was formed during the process of proterozoic and Insular India. [3] The region is spread over 50,000 km 2 (19,000 sq mi), within the sediments of the Krishna-Pennar river basin and Deccan Traps, [2] and contains 120 out of the 150 kimberlite pipes in India. [4]
Bharat Diamond Bourse (BDB) is the world's largest diamond bourse (exchange) and is located in Mumbai, India. [1] Spread over a 8.1-hectare (20-acre) plot, the complex is home to some 2,500 small and large diamond traders in addition to the Custom House, banks and other service providers who cater to the gems and jewelry trade. [2]
Today, the round brilliant is still the most popular diamond shape for an engagement ring; more than 60 percent of diamonds sold are brilliants. [61] The increase in online sales is disrupting the market for diamonds by bringing greater transparency to an industry that has traditionally relied on opacity.
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