Make fondant tassel. Tint fondant yellow. Roll fondant log, 3/16 in. dia. x 1 1/2 in. long, for the tassel string, tapering one end. Roll a fondant ball, 1/4 in. dia., for the tassel knot. Form a 3/8 in. ball of fondant into a teardrop shape, 3/4 in. long x 1/4 in. dia. at wider end. Use knife to imprint lines into teardrop to resemble tassel fringe.
Bend the tassel string in half at a 90° angle. Use damp brush to attach knot to wider end of tassel string. Use damp brush to attach narrow end of tassel to knot. Let dry on parchment-covered board, about 30 minutes.