I've been making these for years as little gifts, and just about perfected it.
I've used transfers for the face, but coloured the hair with a Promarker. The wings were but out on the Sizzix, and I've used a plain cream cotton for the underskirt, with a gold, net ribbon for the dress. I twist the gold pipe cleaner in the centre to make the halo, and wrap it around the doll's neck for the arms. I make a small cut in the folded centre of the fabric to go over the head.
Adding a gold chocolate coin as a small treat, the packaging again is a Sizzix shape.
I've made 30 of these for the children in my class.