The valuation ring and its maximal ideal are
If is Noetherian, its maximal ideal is finitely generated. Ideals in a valuation ring are totally ordered, so every finitely generated ideal is generated by one of its generators; write . Then is the smallest positive element of the value group. Subtracting integral multiples of this value shows that every value is an integral multiple of , so is discrete.
Now assume is complete and discretely valued. Parts i and ii, applied to and to the other discrete valuation , give
If and is a uniformizer for , then for every . Hence
for every integer , forcing and in particular . Every nonzero has the form with , so
The proportionality constant is positive because is nontrivial. Thus the valuations, and their associated absolute values, are equivalent.

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