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https://www.caclubindia.com/forum/closing-inventory-in-jewellery-business-14754.asp
Aug 27, 2012 · The gold and silver prices are set every day and specify in the news papers, hence there l b change in the value of closing stock i.e., cost of inventory. in practical the rates are available in income tax ready reckoned. In the Case of Jewellery Business the valuation of Closing Stock is done on Weighted average method.
https://taxguru.in/income-tax/itat-accepts-lifo-method-of-closing-stock-valuation-by-jewellery-company.html
Jun 12, 2018 · The explanation of the assessee in this regard was that the opening stock of 31950 gms was valued at Rs. 482/- per gram and similar value be adopted to work out the value of closing stock. It as further explained that the said jewellery being old conventional jewellery was not sold during the year and was available at the close of the year.
https://thelocalbrand.com/ultimate-guide-jewellery-valuation/
Mar 15, 2017 · Along with general purpose, jewellery valuation for insurance is also important. When jewelleries are insured, the insurance company will ask for the valuation of the items and then insure the same. It is important to find the right valuations of the trinkets so that if they are lost or stolen, the insurance company can pay back to the insurer.
https://www.moneycontrol.com/stocks/marketinfo/marketcap/bse/diamond-jewellery.html
Top Diamond & Jewellery Stocks in India by Market Capitalization: Get the List of Top Diamond & Jewellery Companies in India (BSE) based on Market Capitalization
https://forums.moneysavingexpert.com/discussion/2694419/jewellery-valuation
Sep 01, 2010 · Really small place in Cheltenham that been in the business for yonks. They send it to a valuer all insured (We reviewed the policy in details) and charge a percentage of the final value, so beware if your ring is worth a lot. We paid 2.5% which is a lot in my book :eek: but the wife insisted we do this every 20 years or so.
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