GOLD AND DIAMONDS 




picture


                    GOLD BULLION
                                     
                                      Appreciates in value with passage of time


Companies could be engaged in manufacturing gold bullion ( refinery)  and  trading in bullion on wholesale basis  locally and globally. Bullion is pure 999 karat purity of gold. Bullion can be in bars of sizes 1 kilo bar, 1 Ten Tola Bar (116.64 grams) or 1 ounce (28.3495 grams) and even in minted coins. 

A total of 174,100 tonnes of gold have been mined in human history, according to GFMS as of 2012. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry. 




GOLD JEWELRY


Appreciates in value with passage of time


Gold Jewelry generally available is


 18 karat (.750 purity) 


 22 karat (.916 purity) 


24 karat  is 100% purity 



Companies could be 

  • manufacturing gold jewelry or and 
  • trading in gold jewelry on wholesale and retail
  • as standalone stores or 
  • as chain of stores locally and globally 





Picture



Where gold jewelry and bullion are traded on unfixed basis, it gives rise to a  complexity of accounting the Dollars receivable for making charges on the gold jewelry as well as  the grams receivable from the customer. 


Hence the trial balance and the party ledgers are generated in Dollars as well as in grams in a customized software...... there is no other business in the world which generates such a trial balance !!! 




GOLD & DIAMOND JEWELRY


Luxury goods, may not appreciate in value



Companies could be
 
  • manufacturing gold and diamond  jewelry 
  • trading in diamond jewelry 
  • on wholesale and retail 
  • as standalone stores or 
  • as chain of stores locally and globally 

When diamonds are mounted on 18 karat gold, it becomes jewelry containing gold and diamonds. 


Diamonds can be mounted only on 18 karat gold or on 14 karat gold as lesser the karat, harder is the gold with other metals. 





SILVER BULLION & ARTICLES 


Appreciates in value with passage of time
 



Silver  is much cheaper as compared to gold and is used to make a wide variety of articles like royal household vessels, cutlery, jewelry, coins, keychains, pendants, trophies, etc
 

Silver Bullion is in bars of various sizes. 






VALUATION 



As at each balance sheet date, gold, silver and other precious metals are valued at the current fair value and not at average cost. 


  • ERP software review and implementation assurance (specially customized if gold is dealt on unfixed basis) 
  • Valuation of Business
  • Acquisitions, Mergers, De-Mergers 
  • Sale of Business
  • Turning around loss making and / or inefficient companies - turnkey and modular 
  • Ensuring sound financial health 
  • Improving systems and controls 
  • Project reports with or without feasibility studies
  • Fraud investigations 
  • Statutory Audits