Nizams Jewellery To Be Housed In Banjara Hills

Hyderabad, Sept 14: | Updated: Sep 15 2003, 05:30am hrs
Adjacent to the proposed Gems Park, the Andhra Pradesh government has decided to house the prestigious Nizams jewellery worth over Rs 1,500 crore on a sprawling one acre land in the posh Banjara Hills, a prime location of the elite class in Hyderabad.

The government has requested the Centre to keep the Nizams jewellery in the state and will provide adequate security for the jewels, which is currently in vaults of Reserve Bank of India (RBI) treasuries.

The exquisite jewels are considered as Indias one of the prestigious assets, has the traditional legacy from Golkonda diamonds, the Imperial Jacob Diamoond and the Peacock Throne Jewel which are still used as brand logos for many of the projects of Andhra Pradesh.

We have proposed to put up the jewels for display in the adjacent land of the park as it will attract more tourist inflows and even give boost to the parks activities for fine crafted jewellery from Andhra Pradesh, according to senior officials involved in the park developments. With the new international airport being designed, the park as well the museum of Nizams jewels is expected to capture major attraction for artisans, craftsmen and businessmen.