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What worldwide economic significance did the Golconda mines have during the Nizam's time?

  • Gold supplier

  • Only diamond supplier

  • Silver supplier

  • Coal supplier

Answer

As the sole global source of diamonds during the Nizam's rule, the Golconda mines held immense economic importance. These precious stones were highly sought after by royalty and aristocrats worldwide, making Golconda a central hub for international diamond trade. The mines' exclusivity allowed the Nizams to exert significant control over the diamond market, contributing to their immense wealth and influence.
The Last Nizam of Hyderabad: Unveiling Mir Osman Ali Khan's Legacy

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