Estate of Emanuel Trompeter, Deceased, Robin Carol Trompeter Gonzalez and Janet Ilene Trompeter Polachek, Co-Executors - Page 71

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          diamonds with a total weight of approximately 60.5 carats.                  
          Christie’s estimated that this necklace would sell at auction for           
          $120,000 to $150,000.  Item number 299 was a 16-inch platinum               
          necklace set with 80 graduated oval-cut diamonds with a total               
          weight of approximately 48 carats.  Christie’s estimated that               
          this necklace would sell at auction for $70,000 to $90,000.  We             
          valued the six seized assets which did not sell at auction at the           
          values as appraised by Carmona.  Carmona’s total appraised value            
          for the five items of jewelry which did not sell at auction was             
          approximately the same as the total of the upper estimated values           
          for those items as ascertained by Christie’s.  We decide in the             
          case of the graduated-diamond necklace in question that its                 
          applicable fair market value equals the average of the estimated            
          highest values of item numbers 295 and 299, as adjusted to                  
          reflect the fact that the graduated-diamond necklace in question            
          had only 30.02 carats of diamonds.  In other words, we average              
          the two highest estimated values (($150,000 + $90,000)/2 =                  
          $120,000), divide the average value by the average carat weight             
          of item numbers 295 and 299 ((60.5 + 48)/2 = 54.25;                         
          $120,000/54.25 = $2,211.9816), and multiply the resulting amount            
          by 30.02 ($2,211.9816 x 30.02 = $66,404).                                   











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