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

MJSA Education Foundation and Jewelers of America
Events & AwardsMay 15, 2026
JA, MJSA To Sponsor Roundtable at TJS

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

Three gold rings set with yellow- and brown-hued diamonds
SourcingMay 15, 2026
State of Diamonds: The Way Forward for Natural Diamonds

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

DeBeeers_Bridal_Display_Dune_1872x1052.jpg
Supplier BulletinMay 14, 2026
A Diamond Is Forever Continues Desert Diamonds – Bridal Reinvigorated

Sponsored by A Diamond Is Forever

1872x1052-NextGem-2026-National-Jeweler-Advertorial.jpg
Brought to you by
How Modern Training Is Becoming a Competitive Advantage for Jewelry Retailers

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

Faceting Apprentice gem cutting school
SourcingMay 14, 2026
State of Colored Stones: The Spirit of Young American Gemstone Cutters

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

Weekly QuizMay 14, 2026
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Ocean Dream diamond
AuctionsMay 14, 2026
‘Ocean Dream’ Makes Waves at Christie’s, Fetching $17M

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.

Stock image of police cars with their lights on
CrimeMay 14, 2026
Second Man Arrested in Florida Pawn Shop Shooting

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

Antique Jewelry & Watch Show
Brought to you by
Discover Timeless Treasures: A Showcase of Antique Jewelry & Timepieces in Las Vegas

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

Stock image of crime scene with police cars and crime scene tape
CrimeMay 13, 2026
JSA’s 2025 Crime Report Shows ‘Concerning’ Rise in Violence

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 Jewelers
IndependentsMay 13, 2026
New Orleans Jeweler Closing Canal Place Store

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

Winston Red Diamond painting by Reena Ahluwalia
SourcingMay 13, 2026
Smithsonian Acquires ‘Winston Red’ Diamond Painting

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

Anna Maccieri Rossi Ora Wood Sunrise Cuff, Marie Lichtenberg High Jewelry Bandana, Anna Maccieri Rossi Carpe Diem Pendant
TrendsMay 13, 2026
State of Design: Only the Innovative Will Survive

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

The Retail Smiths founder and National Jeweler columnist Peter Smith
ColumnistsMay 12, 2026
It’s Official: We’re Getting ‘Brain Rot’ From Watching Short-Form Videos

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

Jessica McCormack Medallion Capsule Collection Campaign
CollectionsMay 12, 2026
Jessica McCormack Debuts Antique Coin-Inspired Medallions for Summer

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

People shopping in a jewelry store
IndependentsMay 12, 2026
State of Retail: 6 Things Retailers Should Know About Consumers Today

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

Tiffany & Co. x CFDA Jewelry Designer Award
Events & AwardsMay 12, 2026
The Tiffany & Co. x CFDA Jewelry Designer Award Is Back

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

Merle, Juanita, and Brent Staats of Staats Jewelers
IndependentsMay 11, 2026
Kansas Jeweler Closing After 70 Years

The owners of Staats Jewelers are heading into retirement.

Former Macy’s CEO Jeffrey Gennette
TrendsMay 11, 2026
Former Macy’s CEO Joins Signet Jewelers Board

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

Buddha Mama gold earrings hexagon emerald
TrendsMay 11, 2026
Amanda’s Style File: Lucky May

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

Clientbook Logo
TechnologyMay 11, 2026
Clientbook’s New Tool Helps Jewelers Plan In-Store Events

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

Pandora lab grown diamond necklace
Lab-GrownMay 08, 2026
NDC Publicly Criticizes Pandora Over ‘Misleading’ Natural Diamond Claims

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

Ronnie VanderLinden and Feriel Zerouki
SourcingMay 08, 2026
Ronnie VanderLinden Takes Over as WDC President

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

Glenn Spiro Old Moghul Golconda Earrings
TrendsMay 08, 2026
Rihanna Chooses ‘Desert Diamonds’ for 2026 Met Gala

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

Kennedy’s Jewelers tourmaline necklace
Events & AwardsMay 08, 2026
JA Announces 2026 CASE Award Winners

Two pieces were named “Best in Show,” one from the retail category and one from the supplier category.

Brilliant Earth Jane Goodall olive branch necklace and earrings
FinancialsMay 07, 2026
Brilliant Earth Appeals to Higher-Income Shoppers in Q1

The jewelry retailer noted resilience among its higher-end customers while demand softened for its lower-priced offerings.

Kashmir sapphire ring
AuctionsMay 07, 2026
‘Spectacular’ Kashmir Sapphire Headlines Heritage Spring Jewelry Sale

Led by the 6.59-carat sapphire, the sale garnered $9.7 million, a record total for a Heritage jewelry auction.

Billy Welshoff
MajorsMay 07, 2026
Gannon & Scott Names New Regional Account Executive

In his new role, sales specialist Billy Welshoff will focus on the eastern United States.

×

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