All of the samples I have seen use red felt and red thread. I think this is a perfect ornament for experimenting with some different color combinations. I did not go too far off the original for my first attempt. :-)
I have some gold organza ribbon that I used for the hanging loop and then I found some metallic braid in my beading stash!
This braid is from Kreinik...
And my favorite thing about it...
Hooray for Kreinik! I think the bowl is another story. My youngest received it as a gift from a cast mate when she was in King and I locally. But it measures just under 4.5 inches and after I traced the bowl, my circle was just right.
And I will leave you with a close up of the knot details.
I think the metallic thread adds just the right touch of sparkle to this ornament!