Navajo dead-pawn concho belt with turquoise stones and alternating butterfly conchos

Nice dead-pawn concho belt with old Sleeping Beauty turquoise on each of the 12 conchos.  Will fit up to a 32-inch waist.  This belt has good gauge sterling or it wouldn't be listed here.  It would likely be a $1,500 to $2,000 belt in most shops.  Hallmarked "LM," which is likely Loren Maha, Navajo.