Lucie Heaton over on Etsy has a PDF pattern for these pretty little Chinese lantern charms. Made with plastic canvas.
Designer of these little lanterns Lucie Heaton suggests using silk floss to make these as some Asian lanterns were made of silk. What a beautiful idea!
The pattern calls for 10-count plastic canvas which means leaving the edges raw. You might able to get away with 14-count, though if you do use silk it will require more of it especially if you are going to overcast the edges.
The description says you will get instructions for making the tassel, how to use silk floss, and finishing the lantern. Nice!