This refers to a verse in the Bible that ends "... a crown that will not fade." It refers to the transient and materialistic things that we pursue in our life that we cannot take with us but, instead, we should aim for a prize that will last forever.
I've included the initial sketch as it shows my initial plans for the shapes and also my pencil attempts at making the jewels sparkle. Need to outline the velvet thinly in white so it is visible.
Other artists in our team have painted trophies, plates, etc., but I have only included my own artwork here.