Golconda UK /ɡɒlˈkɒndə/US /ɡɑlˈkɑndə/ noun2 •A fortress and ruined city in Telangana, India, historically famous for nearby diamond mining.Fifty years ago, there were more than twenty places in the kingdom of Golconda, in which diamonds of different sizes were found… — 1827 •(figurative) A source of great wealth, especially a mine. formsGolcondas