New Delhi: A set of Nizam's jewels is under a "high-security custodial arrangement" with the Reserve Bank of India (RBI), and the Ministry of Culture recognises the historical, cultural and heritage significance of the jewellery, the government has informed Rajya Sabha. Shekhawat was asked whether the government is aware that "173 remarkable pieces of the Nizam's jewels have been securely stored in the vaults of the RBI since 1995", to which he said, "Yes, sir." He was also asked whether the government proposes to relocate the collection to Hyderabad for a permanent public exhibition. The Ministry of Culture "recognises the historical, cultural and heritage significance of the Nizam's Jewellery, including the public interest associated with these artefacts", Shekhawat said. However, no decision has been taken at present to relocate the collection for a permanent public exhibition in Hyderabad, the minister said.