The most common and most likely answer to this crossword clue is the 7 letter word CORNICE
I've seen this crossword clue in Financial Times
C
O
R
N
I
C
E
More clues leading to the result CORNICE
- Wow: lovely piece of plasterwork
- Firm beginning to repair attractive ornamental moulding
- Wow, delightful ornamental feature
- Blimey! Delightful architectural feature!
- Decorative border: ooh, lovely!
- I’m amazed by delightful ornamental moulding
- Moulding having notch almost in the centre
- My agreeable and decorative part of room
- My sweet is moulding
- Front of cathedral has gold — pleasant architectural feature
Buddy explains!

The straight part
We know that "ornamental moulding" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case ornamental moulding = cornice.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does CORNICE mean?
CORNICE noun- A horizontal architectural element of a building, projecting forward from the main walls, originally used as a means of directing rainwater away from the building's walls.
- A decorative element applied at the topmost part of the wall of a room, as with a crown molding.
- A decorative element at the topmost portion of certain pieces of furniture, as with a highboy.
- (mountaineering) An overhanging edge of snow on a ridge or the crest of a mountain and along the sides of gullies.
- To furnish or decorate with a cornice.