The ribbon on this cake is almost exactly what I am looking for.  I think I have an idea how it was made but I wonder if anyone has made something similiar and how did you do it?

http://cakecentral.com/g/i/2187864/a/2188864/party-theme-was-queen-of-the-ball-features-gum-paste-peonies-leaves-and-hydangea-sugarveil-lace-isomalt-crown-bow-is-gum-paste-with-sugarveil-lace-prize-ribbon-made-from-gum-paste-with-hand-painted-logo-board-is-finished-with-edible-gems/

TIA

It looks like they made a vintage prize ribbon out of gumpaste and sugarveil lace, very pretty by the way.

http://velvetstrawberries.typepad.com/andreasingarella/2008/10/prize-ribbons-pretty-roses-more.html

This tutorial might give you some basic ideas on how to recreate one, hth.

http://www.craftinessisnotoptional.com/2011/08/prize-ribbons-tutorial.html

AMaybe some stacked popsicle sticks fanned out in a circle and glued to a round circle of cardstock. Place a large circle of gumpaste over it and smooth it down into the low spots, slightly pinching the corners to give it a more pleated look?

Just an idea...