Although Victor Cederstaff did indeed craft and sell bolo ties in the mid 1900s, the story of Victor creating the bolo tie is certainly not historical fact, although it is certainly fun.
One contrary bit of information can be found at the Zuni Trading Post, on the Zuni Pueblo in New Mexico. They have a bolo tie which is described to have been crafted in the late 1800s, several decades before Victor was even born.
Whatever the case may be, the bolo tie has become part of our culture and has taken on all of the trends and styles of other types of turquoise jewelry; integrating fancy sterling silver and other types of metal work, as well as all kinds of stones imaginable.
The connection between bolo ties and turquoise jewelry is pretty easily drawn. Once the bolo tie became popular in the 1950’s and 1960’s, jewelry artists throughout the southwest began to craft bolo ties using the jewelry styles they were already accustomed to; squash clusters, Zuni sunfaces, and animals.