Let's go - step by step
Cut a length of ribbon long enough to fit around the bauble adding a little extra to overlap the ends. Glue it around the bauble. Cut two lengths of braid and glue them along both edges of the ribbon on the bauble.
Work in small sections at a time so that the glue does not dry before the ribbon has been pressed onto it. Alternatively, glue one strip of braid along the middle of the ribbon.
Apply dots of glue along the ribbon to decorate it, adding sequins and gems for extra embellishment. Make small dots of glue above and below the ribbon decoration for a more glittery bauble.