<P> The town of Karwan , near the fortress city of Golkonda , now a suburb of Hyderabad , became the world 's largest diamond - cutting and diamond - trading center . Golconda was not close to diamond mines , but owed its status as a diamond center to its location on a major trade route from the mines to the south and east . The diamonds became known as Golconda Diamonds , and in Europe , the word Golconda came to mean a place of great wealth . </P>
<P> The town of Karwan , near the fortress city of Golkonda , now a suburb of Hyderabad , became the world 's largest diamond - cutting and diamond - trading center . Golconda was not close to diamond mines , but owed its status as a diamond center to its location on a major trade route from the mines to the south and east . The diamonds became known as Golconda Diamonds , and in Europe , the word Golconda came to mean a place of great wealth . </P>
which place is famous for diamonds in india
which place is famous for diamonds in india
The town of Karwan , near the fortress city of Golkonda , now a suburb of Hyderabad
The town of Karwan , near the fortress city of Golkonda , now a suburb of Hyderabad