The founder of this dynasty was one Mir Kamaruddin, a noble and a courtier of the Mughal Muhammad Shah, who negotiated for a peace treaty with Nadirshah, the Iranian invader; got disgusted with the intrigues that prevailed in Delhi. He was on his way back to the Deccan, where, earlier he was a Subedar. But he had to confront Mubariz Khan, as a result of a plot by the Mughal emperor to kill the former. Mubariz Khan failed in his attempt and he was himself slain. This took place in A.D.1724, and henceforth Mir Kamaruddin, who assumed the title of Nizam-ul-Mulk, conducted himself as an independent prince. Earlier, while he was one of the Ministers of the Mughal emperor Muhammad Shah, the latter conferred on him the title of Asaf Jah. Thus begins the Asaf Jahi rule over Golconda with the capital at Aurangabad. It was only during Nizam II rule that the capital of the Deccan Subha was shifted to Hyderabad reviving its importance.
The Jewels of the Nizams of Hyderabad State are the largest and richest collection of jewels in India. The jewels belonged to the Nizams.
Once part of Nizams’ state regalia and personal heritage, the ornaments date from the early 18th century to the early 20th century. Crafted in gold and silver and embellished with enameling, the jewels are set with Colombian emeralds, diamonds from the Golconda mines, Burmese rubies and spinels, and pearls from Basra and the Gulf of Mannar.
There are 173 jewels, which includes over 25 thousand diamonds, weighing over 12,000 carats (2.4 kg). There are also 2000 emeralds, some of them Colombian, which weigh over 10 thousand carats, and pearls exceeding 40 thousand chows. The collection includes gemstones, turban ornaments, necklaces and pendants, belts and buckles, earrings, armbands, bangles and bracelets, anklets, cufflinks and buttons, watch chains, and rings, toe rings, and nose rings. Among them is the seven-stringed Basrah pearl necklace, known as Satlada, which has 465 pearls embedded in it.
Salar Jung Museum held exhibitions of the collection in 2005 and 2007, and New Delhi's National Museum exhibited them in September and October 2007.
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