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The Koh-i-Noor Diamond Won't Be Returned To India For Now
7/29/2010 7:21:34 AM Simona Kogan
 United Kingdom Prime Minister David Cameron was asked in an interview India's NDTV channel if the 105-carat Koh-i-noor Diamond currently in Britain would be returned to India any time soon. The Koh-i-Noor Diamond is one of the largest diamonds in the world to date.
The First Lord of the Treasury and Leader of the Conservative Party said no after an awkward silence. Then he later he mentioned that returning the diamond to India would "set a dangerous precedent for other priceless cultural items held in British museums," the Daily Mail reports. He said it will stay put.
The head of Parliament is in India for a two-day stay with the purpose of strengthening relationships and creating jobs in the United Kingdom.
Hindu academic scholars say that the Koh-i-Noor diamond was discovered in India at least 700 years ago and possibly even 5,000 years ago. Koh-i-noor means "Mountain of Light" in Persian.
The diamond was taken by the East India Company after the capture of Punjab in 1849 and presented as a gift to Queen Victoria, It was owned by the Sikh Maharajah of Lahore but had been part of the Mughal emperors' collection.
Since India declared itself independent from the United Kingdom, there have been many requests for the return of the diamond.
Those requests include a huge social networking campaign on Twitter, a demand from the Archaeological Survey of India in June, and Labour MP Keith Vaz's request for the diamond to be returned to India as a symbol of the Coalition Government's desire to build a relationship with the country. Even Tushar Gandhi, great-grandson of Indian leader Mahatma Gandhi has called for the return of the diamond.
Ironically, British leader Cameron was photographed holding a bust of the Indian independence leader after paying tribute at his memorial in New Delhi. There he also met with Indian Prime Minister Manmohan Singh.
The British government has said no to all requests for return of the diamond thus far.
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Some critics claim however that diamond investment is more suited toward industry professionals or those with expert diamond knowledge Investment in large high-grade diamonds are primarily the realm of wealthy international investors seeking alternative investments that are not correlated to the securities markets and not for individuals without prior diamond knowledge cite critics
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