Lovely! The addition of the ribbon helps to lead the eye to the focal point, thus effectively making the image visually appealing. It also adds a bit of uniqueness to the composition (we all see pictures of ornaments during the holiday season: kudos to you for taking the time to produce both a beautiful image, and a different image). It's quite refreshing.
The color scheme and its warmth also truly emulates the feeling of the holidays. Beautiful! Added.