EXHIBIT 7.16

                              SYRATECH CORPORATION
                                VERA WANG ASSETS
                                DECEMBER 31, 2005

Inventory                                                  2,830,175
Inventory in transit                                         205,348
                                                          ----------
                                                           3,035,523

Cost of Vera Wang store displays                             749,703
                                                          ----------
Accumulated depreciation                                    (749,703)
                                                          -----------

Cost of Puerto Rico tooling                                   17,889
Accumulated depreciation                                      (8,944)
                                                          -------------
                                                               8,945

New York showroom furniture                                   38,121
Accumulated depreciation                                     (38,121)
                                                          -----------
                                                                _
                                                          -----------


                                                          -----------
Total                                                      3,044,468
                                                          ===========



Flatware and giftware  products  utilizing the VEW trademarks that  incorporates
the name Vera Wang ("Vera Wang  Products").  Vera Wang  product  inventory,  its
molds and tooling to  manufacture  Vera Wang  Products and all related Vera Wang
fixtures,  furniture,  store  displays and other decor that are presently in its
customers  stores  and  Syratech  showrooms  along  with  other  related  assets
(together, "Vera Wang Assets").