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

 Sapphire tennis necklace
EditorsNov 07, 2025
Piece of the Week: An MVP’s Sapphire Tennis Necklace

At the 2025 World Series, the Los Angeles Dodgers’ Yoshinobu Yamamoto sported a custom necklace made by California retailer Happy Jewelers.

Foundrae Palm Beach Location Exterior and Founder Beth Hutchens
IndependentsNov 07, 2025
Foundrae’s New Palm Beach Location Is a ‘Golden Solarium’

The brand’s seventh location combines Foundrae’s symbolic vocabulary with motifs from Florida’s natural surroundings.

Watches of Switzerland Mall of America store
FinancialsNov 07, 2025
Watches of Switzerland’s H1 Sales Up 8%

The retailer also shared an update on the impact of tariffs on watch customers.

20-Under-40-2025-LV.png
Brought to you by
Jewelers of America Aligns New Mission to Create Meaningful Impact for Members

From educational programs, advocacy, and recent MJSA affiliation, Jewelers of America drives progress that elevates businesses of all sizes.

AGTA Spectrum winners
SourcingNov 06, 2025
Pink Tourmaline Bracelet, Emerald Suite Take Top Spectrum Honors

Pink and purple stones were popular in the AGTA’s design competition this year, as were cameos and ocean themes.

Weekly QuizNov 06, 2025
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
G. St x Jewel Boxing Raffle for City Harvest Graphic
IndependentsNov 06, 2025
Greenwich St. Jewelers Hosts Raffle Supporting Food Rescue

All proceeds from the G. St x Jewel Boxing raffle will go to City Harvest, which works to end hunger in New York City.

Courtney Cornell
IndependentsNov 06, 2025
Cornell’s Jewelers Names New President

Courtney Cornell is part of the third generation to lead the Rochester, New York-based jeweler.

Supplier Spotlight -Recorded-Webinar.png
Brought to you by
Watch: Introducing GIA Jewelry Services

Supplier Spotlight Sponsored by GIA

Trucks at Orapa diamond mine
SourcingNov 06, 2025
De Beers’ Production, Sales Increase in Q3

De Beers also announced more changes in its upper ranks ahead of parent company Anglo American’s pending sale of the company.

Ulrich Wohn
WatchesNov 05, 2025
Shinola President Steps Down Just as He Starts

Former Signet CEO Mark Light will remain president of Shinola until a replacement for Ulrich Wohn is found.

Tyla Pandora Talisman collection
FinancialsNov 05, 2025
Pandora Posts Modest Q3 Sales Growth Amid ‘Weak’ Consumer Sentiment

The company focused on marketing in the third quarter and introduced two new charm collections, “Pandora Talisman” and “Pandora Minis.”

Brilliant Earth Jane Goodall Peace Medallion
FinancialsNov 05, 2025
Brilliant Earth’s Q3 Sales Climb 10%

The jewelry retailer raised its full-year guidance, with CFO Jeff Kuo describing the company as “very well positioned” for the holidays.

US Supreme Court
Policies & IssuesNov 04, 2025
Supreme Court to Hear Tariffs Case Wednesday

Ahead of the hearing, two industry organizations co-signed an amicus brief urging the court to declare Trump’s tariffs unlawful.

Stuller Inc.’s Danny Clark, Matt Stuller, and Belit Myers
MajorsNov 04, 2025
Danny Clark to Become Stuller CEO, Succeeding Matt Stuller

Stuller COO Belit Myers will take on the additional role of president, with all changes effective at the start of 2026.

Headshot of National Jeweler columnist Peter Smith
ColumnistsNov 04, 2025
Peter Smith: What Do Birds Have to Do With the Price of Gold?

Smith cautions retailers against expending too much energy on things they can’t control, like the rising price of gold.

Mellerio Jardin Pierreries Necklace
TrendsNov 04, 2025
Amanda’s Style File: Fall Colors for November Birthdays

Citrine and topaz are birthstones fit for fall as the leaves change color and the holiday season approaches.

Weston Jewelers Fort Lauderdale store rendering
IndependentsNov 04, 2025
Weston Jewelers Heads to Fort Lauderdale

The family-owned jeweler will open its fourth store in Florida in late 2027.

Two of the three suspects in burglary at Queens jeweler’s home
CrimeNov 03, 2025
Men Dressed as Construction Workers Burglarize Jeweler’s Home

The NYPD is looking for three men who stole a safe and jewelry valued at $3.2 million from the home of a jeweler in Jamaica Hills, Queens.

Matthew Rosenheim
MajorsNov 03, 2025
Matthew Rosenheim Takes Over as JA Board Chair

The trade organization also announced its executive committee and five new directors.

Muse’s Have a Heart x Diamonds Do Good Collection on Flaviana Matata
CollectionsNov 03, 2025
Muse’s ‘Have a Heart’ Collab Returns, Now With DDG

The “Have a Heart x Diamonds Do Good” collection is championed by model and humanitarian Flaviana Matata and will benefit her foundation.

Heavenly Vices Mother Father Spinner Necklace
TrendsOct 31, 2025
Piece of the Week: A Spinner Fit for ‘Frankenstein’

This “Mother Father” spinner necklace from Heavenly Vices Fine Jewelry draws inspiration from Victorian Era jewelry.

Interpol Stolen Works of Art Database, The Louvre Museum Graphic
CrimeOct 31, 2025
5 More Arrested in Louvre Heist, Jewelry Still Missing

The suspects were rounded up in Paris and its suburbs on Wednesday night, but none of the stolen jewels were recovered with them.

My Next Question webinar graphic
Recorded WebinarsOct 31, 2025
Watch: How to Master Google Reviews for Your Business

Experts share top tips on how to encourage positive reviews and handle negative feedback.

GIA iD100® Technology
Supplier BulletinOct 30, 2025
Protect Your Customers and Your Business

Sponsored by the Gemological Institute of America

Seattle PD image of Menashe & Sons Jewelers following Aug. 14 smash-and-grab robbery
CrimeOct 30, 2025
29-Year-Old Man Charged in Multiple Seattle-Area Smash and Grabs

The suspect faces charges in the August robbery of Menashe & Sons Jewelers and is accused of committing smash and grabs at two pawn shops.

Alison Lou Lumière Fine Collection On-Model
Lab-GrownOct 30, 2025
Alison Lou’s New Collection Uses Lab-Grown Diamonds and Resin

The “Lumière Fine” collection was born from designer Alison Chemla’s interest in the transformative power of light.

Buddha Mama gold skull pave huggies
TrendsOct 30, 2025
Amanda’s Style File: A Haunted Halloween

Show off your spooky side with these 12 festive jewels.

×

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