The Nizam, as we all know, was well known for his passion for jewels and gemstones. As the richest man in the world, his tryst with jewellery had led to creating the largest royal jewellery collection in the world. However, his government had no choice but to mortgage a large number of jewels from the royal collection and from noble families, to financing firms (such as my great great grandfather’s). The firms then sold the jewels at a high profit to other traders who sold them to European and American elites and aristocrats. Jewellery from the princely state of Hyderabad rose in demand and this is the point where my great grandfather recognised an opportunity and began honing the trade of precious gemstones, and craft of exquisite jewellery. Seth Nanuram, the fourth generation of my family migrants, went on to master the jewellery trade and integrated the long association of his financing firm with an additional role - to join the Royal Panel of Jewellers of Hyderabad.
A few years before this photograph seems to have been taken, my great grandfather was due another promotion - to a Sub-Divisional Magistrate, but he was denied the opportunity on grounds of belonging to the Bania community, (generally a moneylenders or merchants community) the community to which the nationalist Lala Lajpat Rai belonged. Lala Lajpat Rai’s protests against the colonial British government had spread like wildfire in the early 20th century across Northern India, and led to a rise in anti-colonial sentiments within the community. Fearing disobedience, many Banias in the colonial administration were rejected for promotions. My great grandfather Nanak then retired to Kanpur with his family.