How did the court determine the RM67.4 million value of the jewellery?

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High Court Ordered Rosmah Mansor to Pay RM67.4 Million for Missing Jewellery

The High Court has ordered Datin Seri Rosmah Mansor to pay RM67.4 million to the Lebanese owner of 43 jewellery pieces, representing the estimated value of the items. This decision follows a suit filed by Global Royalty Trading SAL seeking the return of the jewellery or its claimed value after the pieces were seized during a police raid at Pavilion Residences in 2018. The court found Rosmah liable for the missing jewellery and mandated payment of RM67,461,027.37 within one month.
Court Found Rosmah Liable for Missing Jewellery

Justice Quay Chew Soon ruled that Rosmah Mansor was liable for the 43 pieces of jewellery that were delivered to her in February 2018. The court's finding of liability means Rosmah is legally responsible for the items or their assessed worth. This ruling was made after a full trial where the plaintiff, Global Royalty Trading SAL, presented its case.
Suit Sought Recovery of Items or Their Value

Global Royalty Trading SAL initiated legal proceedings in 2023, claiming the jewellery was supplied to Rosmah on a consignment basis but was never returned. The company sought either the physical return of the 43 jewellery items or payment equivalent to their claimed value, which was stated as US$14.6 million. The court's order for payment of RM67.4 million directly addresses this claim for monetary compensation.
Valuation Based on Estimated and Claimed Worth

The RM67.4 million sum represents the estimated value of the jewellery pieces delivered to Rosmah. This figure aligns with the plaintiff's claimed value of US$14.6 million. While the court acknowledged these figures in its order, the provided information does not detail the specific methodology used for appraising the jewellery's worth, such as expert valuations or market analysis.

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How did the court determine the RM67.4 million value of the jewellery?

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