Fabric (around 20cm by 40cm)
Small piece of ribbon
Print out and cut out the template (click on the image to get a high quality image, and then save and print, MS paint or any other basic paint package can shrink or expand it to the size you want, this one is 15 cm long)
Place one pattern piece on top of another, right sides together and pin and then sew along one length. Repeat this for the other sections so you have three different sections, each consisting of two of the panel pieces.
Close up the bauble with a ladder stitch. A ladder stitch is formed by first anchoring a stitch from within the bauble and popping the needle out at the seam allowance. Then put the needle directly into the fold of seam allowance on the opposite side of the gap. Then on the same side of the gap bring your needle OUT of the seam allowance fold a little further up and sew directly across the gap. Repeat until you are at the top of the bauble and pull the thread tight gently.
These can be adorned with beading on the fabric or a trail of beads from the bottom, let your imagination go wild. For me apart from being fun to make these have the advantage of letting you tailor your ornaments to your room decor and make your tree a little more personal. The basic bauble can be made in 15 minutes or so, and then embellished at your leisure.