These were Christmas gifts for a few friends along with the bells and were displayed on our christmas trays with some holly and ivy, accompanied by candles and looked beautiful: something a little different.
These elephants and their tapestries are beautifully painted!
I recall my friend from India gave me an elephant decor when I moved away. I certainly can imagine these ornaments as symbolic of carrying one of the "wise men" that Christians celebrate at Epiphany (January 6).