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Related designs are 'Tulips woven with gold and silver' - pale blue tulips on a bright red ground, and 'Blue tulip tapestry' - bright and pale blue tulips woven with gold on a blue ground with tiny white dots.
Apparently, at certain times, the Sultans in the Ottoman empire banned the manufacture of textiles like this, as they used so much gold and silver thread that they drained the empire's precious metal reserves.
Metallic oil and chalk, basic repeat.
[Currently set @ Fabric and Wallpaper: 200 ppi, proofed at 200 ppi, Gift wrap 202 ppi]