Ah, gotcha. Yeah, you're right about not looking like a Chinese Emperor's hat (or the Capt Crunch), however, it would look a bit more like a European crown, like a British crown.
I've knoticed that we both have a liking for celtic knotwork, and my thinking was, if you modified the Emperor's knot by adding the two loops, it'd look more like a European crown, then take the two ends from beneath the knot, and use them to make your celtic heart knot. That's give you two-thirds of a knot version of the claddagh symbol. All that would be left is to form the hands/arms part of the knot.