In a column for the 2026 State of the Majors issue, Golan spells out how the growing economic divide in the U.S. is reshaping the market.
Olympic Gold Medalist’s Jewels Headed to Auction
Katherine Domyan swam for Hungary in the 1956 Olympics before defecting and seeking asylum in the United States.

New York—The fall jewelry auction season is getting ready to kick off, and Bonhams New York will start with a collection of pieces owned by an Olympic champion.
On Sept. 21, the auction house will offer jewelry from the estate of Katherine Domyan, two-time gold medalist, as part of its Fine Jewelry sale.
Domyan was destined for swimming greatness, it would seem; she was born in Budapest, Hungary, to two-time Olympic champion water polo player Marton Homonnai and Hungarian swimming champion Katalin Szoke.
She competed in the 1952 Helsinki Olympics at the age of 17, winning two gold medals and setting world records in the 100-meter freestyle relay and the 4x100-meter freestyle relay.
She won gold again in the same two events two years later at the 1954 European Aquatics Championships in Turin, Italy.
Domyan and the man who would become her husband, Arpad, also an accomplished athlete, both competed in the 1956 Olympics in Melbourne, Australia (he played for the Hungarian water polo team.)
That was the same year as the Hungarian Revolution, in which protestors took to the streets to demand freedom from the Soviet Union and a more democratic political system. The Soviets quelled the revolution after just 12 days, according to History.com, leading to thousands of Hungarians being killed and wounded and hundreds of thousands more fleeing the country.
They were granted political asylum in the U.S. in late 1956.
Domyan moved to the United States in 1957 and married Arpad four years later. The two of them would eventually create a successful real estate development company, building office and apartment complexes across the country.
Katherine Domyan was inducted to the International Swimming Hall of Fame in Fort Lauderdale, Florida. The Swimming Hall of Fame also honored her and her three team mates as the relay team of the century.
She died in October 2017 at the age of 82.
Bonhams now will auction off more than 60 pieces of jewelry dating from the
In the fall issue of Bonhams Magazine, author Nicholas Foulkes said the collection “speaks of a unique time in America’s history, a time that took two refugees on a rags-to-riches ride from facing Soviet tanks in war-torn Budapest to presidential inaugurations, fundraising galas, White House dinners, summers on the Côte d’Azur and first nights at the opera—a life that, as Arpad Domyan deftly puts it, ‘involved a lot of black tie.’”
So, not surprisingly, the Domyan collection includes pieces from some of the world’s top jewelry houses.
Highlights include a Van Cleef & Arpels late Art Deco ruby and diamond bracelet; 36 pieces of jewelry from David Webb, including a carved rock crystal chimera bangle and an emerald and diamond necklace; and a number of Harry Winston pieces, including a 23.13-carat emerald-cut diamond ring and an 86.30-carat diamond fringe necklace.
It is estimated the collection will sell for between $2.1 million and $3.2 million in total at the jewelry auction.
The Latest

The “Limitless Expansion of Joy and Hope” collection evokes summer through colored gemstones and motifs of butterflies and florals.

The jewel, circa 1890, is from the late Victorian era and was owned by descendants of the last high king of Ireland.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

This is what the nine recipients plan to do with the funds.


The discussion, "Rebuilding the Jewelry Workforce," will take place on Saturday, May 16, in Troy, Michigan.

The jewelry industry is reassessing its positioning as Gen Z reshapes the retail landscape and lab grown continues to gain market share.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

Sponsored by A Diamond Is Forever

The next generation of lapidarists are entrepreneurial, engaged online, and see the craft as a means for artistic expression.

It was the second auction appearance for the fancy vivid blue-green diamond, which sold for $7.8 million at Christie’s Geneva 12 years ago.

Members of the U.S. Marshals Task Force took a 22-year-old man into custody. He was charged with tampering with evidence.

While the overall number of crimes was down, there were more incidences in which robbers pulled out guns, mace, or rammed cars into stores.

Jack Sutton Fine Jewelry is closing its store inside the downtown shopping center after 40 years in business.

Reena Ahluwalia’s painting of the rare red diamond is the first contemporary painting to join the National Gem Collection.

The price of gold has risen, affecting the number of pieces designers make, the materials they use, and how they position themselves.

Peter Smith gives tips on leading meetings, developing marketing, and making trade show appointments in the age of short attention spans.

The 11-piece “Medallions” capsule collection features five motifs: a crying eye, a heart on fire, a spiral, a flower, and a swallow.

From Gen Z’s view of luxury to “doom spending,” these are the six consumer trends to note this year.

The partners have announced the second cycle of the program, which has expanded to include a $25,000 student scholarship.

The owners of Staats Jewelers are heading into retirement.

Jeffrey Gennette, who retired in 2024 after 41 years with Macy’s, is the newest member of the jewelry retailer’s board of directors.

May babies are lucky to have emeralds, a gemstone admired for centuries, as their birthstone, writes Amanda Gizzi.

The new module allows retailers to plan, promote, and measure the success of events from a single dashboard.

NDC said in an open letter that Pandora’s statements about the carbon footprint of lab grown versus natural diamonds are inaccurate.

The diamantaire and industry leader succeeds Feriel Zerouki and said he will focus on being a “champion” for natural diamonds.

She wore our Piece of the Week, Glenn Spiro’s “Old Moghul Golconda” earrings, featuring fancy brown-yellow diamonds totaling 51.90 carats.

























