Auctions

Philanthropist’s Lapidary Collection Heads to Auction

AuctionsMar 11, 2019

Philanthropist’s Lapidary Collection Heads to Auction

The highlight of the sale: a carousel crafted in gemstones and gold that took thousands of hours to make.

20190311_Cafesjian-header.jpg
This gemstone and gold carousel, which features an interactive sound system with a CD player, is the highlight of Tuesday’s “100 Lapidary Treasures from The Estate of Gerard L. Cafesjian” jewelry auction at Bonhams Los Angeles.

Los Angeles—On Tuesday, a number of masterfully carved lapidary pieces from the personal collection of a businessman and philanthropist will hit the auction block.

Bonhams is selling “100 Lapidary Treasures from The Estate of Gerard L. Cafesjian” in Los Angeles, showcasing a collection that reflects Cafesjian’s love of gemology, color and form, the auction house said.

Born in 1925 in Brooklyn, New York, to Armenian immigrants, Cafesjian served in the Navy during World War II before attending college, graduating with joint degrees in geology and economics from Hunter College and, later, a law degree from St. John’s University School of Law.

He began a decades-long career with West Publishing Company, one of the largest publishers of legal materials, in 1952. Rising through the company’s ranks, he eventually became executive vice president of marketing and advertising and a member of the board, and it was here that he amassed his wealth.

Cafesjian, who died in 2013 at the age of 88, was known for his philanthropic pursuits.

During his time at West Publishing, he started an annual art exhibition called “Art and Law,” for which he received the prestigious Business in the Arts Award.

Cafesjian also founded the Scottsdale Museum of Contemporary Art in Arizona, dedicated to the exhibition of modern works of art, design and architecture, and established the Cafesjian Family Foundation, donating millions to various Armenian charities.

In 1988, Cafesjian led the effort to save a 1914 merry-go-round that had been at the Minnesota State Fairgrounds for 75 years. According to local news reports, he contributed more than $2 million to keep the piece from being broken up and auctioned off.

It’s fitting, then, that the highlight of his collection headed to auction is an illuminated and automated gemstone and gold carousel by Andreas von Zadora-Gerlof, circa 1991, which Cafesjian commissioned from the artist.

Bonhams said it took 960 hours of stone sculpting and cutting, 3,250 hours of goldsmithing and 210 hours of stone setting to make the carousel.

Featuring stones such as ruby, emerald, sapphire, white opal, lapis lazuli, rhodonite, Cacholong opal, malachite and gray agate, the carousel is estimated to sell for about $150,000, Bonhams said.



The sale also features the “Bleeding Hearts” gold flower study (seen above) by renowned lapidary artist Manfred Wild.

Its blossoms are comprised of 15 ruby flowers weighing 152 total carats, with white Cacholong opal from the Caspian Sea forming the

flowers’ pistils. There are also 12 green leaves carved from Brazilian emerald weighing about 184 carats.

The piece is decorated with 109 pave-set diamonds weighing 1.10 carats, and the vase is formed of carved rock crystal with four sapphire slabs inset to the side as well as two marquise-shaped ruby cabochons and two triangular-shaped emerald cabochons.

Bonhams said it expects the piece to garner between $30,000 and $50,000.



Another notable piece in the sale is a carved agate falcon (pictured above) by another well-known lapidary artist, Gerd Dreher.

The bird’s wing edges and tail feathers are made of highly transparent banded agate set into speckled agate, with solid colored agates used for his throat, head and beak. The feathers on his back, meanwhile, are carved hawk’s eye quartz.

The falcon sits on top of a copper specimen with some traces of quartz, designed to mimic a mountainous outcropping, and is raised on a circular rock crystal quartz base.

The piece is estimated to sell for between $15,000 and $25,000.

In addition to the carved gemstone works, Bonhams also is holding two online-only sales—“Gemstones from The Estate of Gerard L. Cafesjian” and “Minerals from The Estate of Gerard L. Cafesjian”—both of which are currently open for bidding. Bidding closes March 16.
Brecken Branstratoris the senior editor, gemstones at National Jeweler, covering sourcing, pricing and other developments in the colored stone sector.

The Latest

Stock image of shipping containers in port
Policies & IssuesJul 24, 2026
New Trump Tariffs: What They Mean for Jewelry

The new sweeping slate of tariffs impacts 60 countries, including India, China, Thailand, Hong Kong, and the United Arab Emirates.

Jorge Adeler Gods & Heroes coin pendant
TrendsJul 24, 2026
Amanda’s Style File: Ode to ‘The Odyssey’

From coin pendants to diamond shields, these old world-inspired jewels are the perfect accessory for an epic journey.

Courtney Leidy Amethyst Silk Cord Pendant
TrendsJul 24, 2026
Courtney Leidy’s Silk Cord Pendants Center Unexpected Pairings

Our Piece of the Week pairs a checkerboard-cut amethyst with an ivy green silk cord.

Brought-To-By-Article-Top-Image.jpg
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center Stage

Colored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.

NJ Article image.png
PodcastsJul 23, 2026
Episode 7: Reinhold Jewelers on the Power of Relationships

Mildred Marcano Abrams and Yael Reinhold join the podcast to talk community connections, holiday plans, and preserving Reinhold’s legacy.

Weekly QuizJul 23, 2026
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Trucks at De Beers’ Orapa mine in Botswana
SourcingJul 23, 2026
De Beers’ Production Jumps 88 Percent in Q2

Production also was up in the first half of 2026 but is expected to “substantially” decrease in H2 as two key mines undergo maintenance.

Silvia Furmanovich Enchapado en Tamo Wooden Wheat Straw Sun Earrings
CollectionsJul 23, 2026
Silvia Furmanovich’s New Collection Travels Back to the 1920s

“Art Deco” fuses ancestral techniques, rare materials, and modern perspectives as a tribute to the optimism and curiosity of the movement.

DCA-NJ-article-1872x1052-060826.jpg
Brought to you by
Building the Future of Jewelry Retail: DCA Expands Education, Leadership Development, and Workforce Solutions

DCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.

Sissy’s Log Cabin Saracen Casino
IndependentsJul 23, 2026
Sissy's Log Cabin Opens Casino Store

The jeweler’s newest store is inside Arkansas’ Saracen Casino Resort.

Kate Spade New York watches
WatchesJul 23, 2026
Movado Inks Licensing Deal With Kate Spade New York

The watch company will design, manufacture, and distribute Kate Spade New York watches.

Stock photo of loose polished diamonds
Policies & IssuesJul 22, 2026
Trump to Put 50% Tariff on Canadian Goods

The higher tax is set to go into effect in August and will apply to loose polished diamonds as well as precious and base metals jewelry.

Monica Rich Kosann Enchanted Garden Cherry Necklace
CollectionsJul 22, 2026
Monica Rich Kosann’s High Jewelry Is Fruitful

The “Enchanted Garden” series features a cherry, lemon, and pear that each hold a little secret inside.

Liljenquist new Rolex boutique McLean Virginia
IndependentsJul 22, 2026
Liljenquist Beckstead Opens Rolex New Boutique

It’s located in Tysons Galleria, an upscale shopping center in the Washington, D.C., metro area.

NY Now exhibitor booth
Events & AwardsJul 22, 2026
NY Now Returns in August Under New Ownership

The show, recently acquired by Rockview Management Group, will be held at New York City’s Javits Center from Aug. 2-4.

The Retail Smith Principal Partner and National Jeweler columnist Sherry Smith
ColumnistsJul 21, 2026
Sherry Smith: Shattering the Illusion of the ‘Either/Or’ Diamond Market

Smith offers retailers guidance on creating an environment where natural and lab-grown diamonds can both thrive.

Emerald logo
Events & AwardsJul 21, 2026
Apollo Funds Completes Emerald Acquisition

Former Emerald President and CEO Hervé Sedky has transitioned to the role of senior advisor.

Graff Seraphina Brooch and Lina Pendant
CollectionsJul 21, 2026
Graff’s New Butterfly High Jewelry Brooches Metamorphosize

The 12-piece capsule collection transforms from brooches to pendants.

Rough diamonds from De Beers’ Gahcho Kue mine in Canada
SourcingJul 21, 2026
Anglo Reportedly Selects Gareth Penny’s Consortium as Top Bidder for De Beers

A Botswana government official told lawmakers Anglo has selected The Global Diamond Consortium, an entity chaired by Penny, to buy De Beers.

Stock image of shipping containers
Policies & IssuesJul 20, 2026
Tariffs on Brazil to Increase But Rough Gemstones Exempt

The new tariff, imposed after a Trump administration study, is 25 percent and will stack on top of existing tariffs.

Vhernier Freccia High Jewelry Necklace
CollectionsJul 20, 2026
Vhernier Transforms ‘Freccia’ Collection Into High Jewelry

The collection from 2014 has been reinterpreted into high jewelry with its signature triangular-shaped elements.

Krista Collins Walters
MajorsJul 20, 2026
Krista Collins Walters Promoted to Publisher of Instore

She will also take on the role of vice president of jewelry for SmartWork Media, a newly created position.

Attendees at the Jewelry Symposium
Events & AwardsJul 20, 2026
TJS Accepting Speaker Proposals for 2027 Event

Organizers are looking for presentations on topics like manufacturing, technology and research, bench work, gemstones, and sustainability.

HOWL Frida Venetian Glass Collar
CollectionsJul 17, 2026
HOWL Taps Shailene Woodley for ‘Home Sweet Home’ Campaign

Woodley is seen in the campaign wearing our Piece of the Week, the “Frida” collar featuring 13 pieces of hand-carved Venetian glass.

A diamond ring in a jewelry box
SourcingJul 17, 2026
U.K. Woman Pays £5 for £15K Diamond Ring at Car Boot Sale

A WeBuyVintage jewelry expert uncovered how much the flea market find was actually worth.

Unveiling Rarities
SourcingJul 17, 2026
Diamond Dealer Jeff Pancis Pens Memoir

The founder of natural colored diamond wholesaler Pancis Gems shares stories from his five decades in the industry.

Gem Awards 2027 Logo
Events & AwardsJul 17, 2026
Gem Awards Opens 2027 Nomination Period

Submissions for the milestone 25th annual Gem Awards will be accepted across three categories from now through July 31.

Guzema Founder and Creative Director Valeriya Guzema and Co-Owner and CEO Mariana Lenha
EditorsJul 16, 2026
Q&A: Guzema’s Co-Owners On Its US Expansion, 10-Year Anniversary

Valeriya Guzema and Mariana Lenha look back on the last decade and discuss the Ukrainian brand’s first U.S. store.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy