Jewellery and precious stones as assets and its valuation

Make valuation from registered valuer.

For an unlisted public Ltd company like yours, it's essential to follow accounting standards and regulatory requirements.

 Here's a step-by-step guide on valuing and reporting investments in Jewellery and precious stones: Valuation:

1. Engage an independent valuer or appraiser who specializes in jewellery and precious stones. 

2. Use the fair value method (market value) or historical cost method (cost basis). 

3. Consider factors like market demand, rarity, and condition. Balance Sheet Disclosure: 

1. Show the investment at fair value or historical cost in the balance sheet.

 2. Disclose the valuation method and significant assumptions.

3. Classify the investment as a long-term investment or current asset, depending on your intentions. Auditors' Review: 

1. Provide the valuation report and supporting documents to your auditors. 

2. Ensure compliance with accounting standards and regulatory requirements. Relevant Accounting Standards and Regulatory Requirements: 

1. Accounting Standard (AS) 13: Accounting for Investments

 2. Indian Accounting Standard (Ind AS) 40