Estate of Emanuel Trompeter, Deceased, Robin Carol Trompeter Gonzalez and Janet Ilene Trompeter Polachek, Co-Executors - Page 19

               We find that, as of the applicable valuation date, the fair            
          market value of each of the six assets which did not sell at                
          auction equaled its fair market value as ascertained by Carmona.            
          In other words, we find that the fair market values of the five             
          items of jewelry which did not sell at auction totaled $37,200              
          and that the fair market value of the single gemstone that did              
          not sell at auction was $9,100.  We find that the individual                
          values of these six assets are as follows:                                  
          Lady’s 18-kt. yellow gold, sapphire, and                                    
          diamond necklace                                $4,400                      
          Lady’s 18-kt. yellow gold, ruby, and                                        
          diamond necklace                                 5,800                      
          Cultured pearl necklace with 14-kt. white                                   
          gold clasp                                         400                      
          Lady’s 18-kt. yellow gold, emerald, and                                     
          diamond necklace                                19,000                      
          Lady’s 18-kt. yellow and white gold, opal,                                  
          and diamond pin/pendant combination with                                    
          treated opal necklace                            7,600                      
          One loose cushion-shape-natural 18.2-ct. sapphire  9,100                    
               We consider Carmona to be most helpful to our valuation of             
          each of these six assets.  Carmona testified as to jewelry in               
          general that the typical buyer of jewelry at auction is a dealer            
          and that jewelry usually passes from a dealer to the public                 
          through retail jewelers with a dealer-to-retail-jeweler markup of           
          25 to 50 percent over cost and a retail-jeweler-to-public markup            
          of 50 to 100+ percent over cost.  As to the six items of jewelry            

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