The Japanese daruma is typically an object representing the Dharma or Bodhidharma, the founder of the Zen sect of Buddhism. They are considered good gifts for encouraging someone undertaking an arduous task. The Daruma, who starts out with no eyes, has one colored by the recipient upon beginning a new project, and when the project is completed the other eye is drawn on.
The large daruma features the Sanskrit symbol for OM and stands 4.5" high.
The small daruma features kanji for advancement in one's endeavors and stands 3.75" high.
According to Wikipedia, "Bodhidharma was a Buddhist monk who lived during the 5th/6th century AD. Legend claims that he sat facing a wall in meditation for a period of nine years without moving, which caused his legs and arms to fall off from atrophy" ...hence the limbless representation in the doll.