Jacob Diamond

Jacob Diamond is the fifth largest diamond in the world, currently owned by India. The precious gem was discovered in India, in 1884. The Nizam (King) of Hyderabad was the first owner of the Diamond. He used the diamond as a paperweight! After his empire Hyderabad was annexed to the Indian Union in 1948, Indian Government gained ownership on many precious jewels of Nizam including the Jacob Diamond. The estimated price of the diamond is $140 million.