When the divorce is on "Mutual" understanding, it means that every issue is discussed and settled well in advance. One may ask or demand depending on his/her necessities, and the other if competent may fulfill the demands or can express inability. Depending on the urgency of the other a settlement is made in advance. It all depends on individual necessities.
can we ask for cash and jewellery.?
May or may not be depending on your necessity.
In several cases between employees, there are no demands in between spouses.
In the case of some, they have demanded crores as the husband is having such capacity, but after divorced wives donated that amount for charity and not touched single paisa stating that they are not beggars.