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In a medium bowl, whisk together the powdered sugar and meringue powder.
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Add ¼ cup of warm water and beat on low speed until well combined. Beat on high speed until glossy and the icing holds stiff peaks.
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Stir in additional warm water, a tablespoon at a time, until icing creates loose ribbons when drizzled with a spoon. Aim to have the icing ribbons disappear back into the bowl within 10 seconds of being picked up with the spoon.
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Separate the icing into three bowls. Cover the bowls when you’re not using the icing so it doesn’t dry out.
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Add a few drops of navy blue gel food coloring to one of the bowls of icing and stir until well combined. Add a few drops of the pink gel food coloring to one of the bowls of icing and stir until well combined. Add a few drops of purple gel food coloring to one of the bowls of icing and stir until well combined.
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To make the marble design, scoop a couple spoonfuls of pink icing into a bowl. Drizzle some navy and purple icing on top of the pink icing, making sure not to overlap too much.
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Dip a cookie into the bowl, pressing into the marbled icing. Remove, gently shaking off any excess icing. Repeat with the desired number of cookies, adding more icing as needed.
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To pipe the icing onto the cookies, transfer the icings into piping bags. Pipe an outline around each cookie and then fill in using the desired color of icing.
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Let the icing dry completely before adding the gold spray or gold paint flecks.
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Once the icing is dry, spray with edible gold spray or dip a clean paintbrush into the edible gold paint and speckle the cookies with the paint.
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Let dry before serving.