News | Business
3 Aug 2025 13:28
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • News
  • Sport
  • Weather
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Piprahwa gems return to India after New Delhi threatens Sotheby's auction house with legal action

    The nearly 350-piece collection has been purchased by an Indian businessman in what is being described as a "public-private partnership" with the Indian government.

    1 August 2025

    A collection of ancient jewels from one of the most significant finds in the history of Buddhism has been returned to India, but questions and ethical concerns linger about the process.

    The Piprahwa gems were obtained by British estate agent William Claxton Peppé in 1898 and are more than 2,000 years old.

    The collection was believed to have been found with the ash and bone of the Buddha in northern India, near the border with Nepal.

    The part of the haul kept by Mr Peppé was passed down through his family to his great-grandson, Chris Peppé.

    He then listed the collection for sale with Sotheby's auction house in Hong Kong this year, telling the BBC in May he felt it was the "fairest and most transparent way" to return the relics to Buddhists.

    The public auction prompted New Delhi to threaten legal action to prevent the sale going ahead, arguing it violated "Indian and international laws as well as UN conventions".

    The auction house then entered negotiations with the Indian government.

    On Wednesday, local time, Indian Prime Minister Narendra Modi announced the 349 jewels had been returned to India.

    "These sacred relics highlight India's close association with Bhagwan Buddha and his noble teachings," Mr Modi said on X.

    "It also illustrates our commitment to preserving and protecting different aspects of our glorious culture."

    The buyer was Indian industrialist, Pirojsha Godrej, executive vice chair of consumer goods giant Godrej Industries Group.

    Mr Godrej said in a statement the gems were "not just artefacts" but "symbols of peace, compassion, and the shared heritage of humanity".

    The Godrej family is one of India's wealthiest, with Forbes estimating its net worth at $US16.7 billion ($25.8b) in 2023.

    Culture Minister Gajendra Singh Shekhawat was reported as describing the arrangement as "an exemplary case of public-private partnership".

    "This is one of the most significant instances of repatriation of our lost heritage," Mr Shekhawat said.

    Colonialism 'gift that keeps on giving'

    Ashley Thompson, the chair of South-East Asian art history at SOAS University of London, welcomed the return of the gems to India, but questioned the process.

    "How different is such a transaction from that originally envisaged by Sotheby's and the Peppé family?" Professor Thompson told the ABC.

    "Should ex-colonised countries be required to purchase their own heritage taken from them in colonial contexts? Should Buddha relics be bought at all? 

    "In the end, with the Piprahwa case, it appears that colonialism is truly the gift that keeps on giving."

    The value of the transaction was not disclosed, but some estimated the collection to be worth $20 million at the time of its initial auction.

    In a statement, Sotheby's said it was "delighted to have facilitated the return of the Piprahwa gems to India".

    At the time the haul was unearthed, the British colonial government took ownership of it and gave it to the king of modern-day Thailand.

    He then gave parts of the collection as gifts to other countries, including Myanmar and Sri Lanka, where they continue to be venerated.

    William Claxton Peppé was allowed to keep a fifth of the total collection.

    Professor Thompson said she looked forward to seeing how the Indian government might collaborate with other Buddhist communities around Asia to care for the relics.

    "There is a window here for developing new models of equitable custodianship of shared heritage which would surpass national borders and the associated models of ownership which so frequently provoke conflict," she said.

    The Indian Express reported that a portion of the gems would be on loan to the National Museum for five years, and that Godrej Industries had agreed to display the entire collection upon its arrival in India for three months.


    ABC




    © 2025 ABC, NZCity


     Other Business News
     03 Aug: One in three New Zealanders are falling for online scams, and many are likely to keep it quiet out of shame
     02 Aug: Apple is expecting to fork out an extra billion dollars, from Donald Trump's tariffs
     02 Aug: Hopes other nations could help make up the shortfall from the surprise US tariffs
     02 Aug: The stock markets have fallen as Donald Trump's sweeping tariffs come into force
     01 Aug: Christchuch Casino says it takes responsibility for major anti-money laundering failures
     01 Aug: The Finance Minister is disappointed to see the United States increase its planned tariff on New Zealand
     01 Aug: In a boom and bust industry, a film expert says it's not unexpected to see Weta FX propose staff cuts
     Top Stories

    RUGBY RUGBY
    South Africa's warmed up for the women's Rugby World Cup by beating a Black Ferns XV 41-24 in Capetown More...


    BUSINESS BUSINESS
    One in three New Zealanders are falling for online scams, and many are likely to keep it quiet out of shame More...



     Today's News

    International:
    Need some 'motherly warmth'? In Japan, you can hire a grandma for as little as $60 13:07

    Law and Order:
    An investigation's underway in Lower Hutt's Stokes Valley, after someone was allegedly shot this morning 13:07

    Law and Order:
    A legal dispute over whether an incarcerated Auckland gang leader, was involved in a 20-million-dollar meth import scheme 12:37

    Rugby League:
    Warriors women's lock Laishon Albert-Jones is relishing her growing relationship with coach Ron Griffiths ahead of this afternoon's NRLW Magic Round clash against the Cowboys in Newcastle 12:27

    Motorsports:
    The McLarens are surprised to have a Ferrari in their midst for tomorrow's Hungarian Grand Prix 11:57

    Health & Safety:
    Doctors in Gaza are treating children who may never recover from malnutrition 11:47

    International:
    It's the summer of Trump and the world can't look away 11:17

    Law and Order:
    A Rotorua shoplifter's heading to jail for more than two years, after his getaway was thwarted by a flat battery 11:07

    Rugby League:
    The Canberra Raiders are still confident they can win the NRL's minor premiership 10:47

    International:
    Did Donald Trump just give China a major advantage on AI? 10:17


     News Search






    Power Search


    © 2025 New Zealand City Ltd