Oh that is so pretty! It is almost like the one I had for many years. Mine was a gift to my dad awhile before he and my mom got married in the 30s.
When I was a teenager we had it hand quilted by an elderly lady in our town. She echo quilted each of the sections of the rings and around the edges of the background pieces. Then she did fairly widely spaced cross hatching in the center of the background pieces.
We found a similar solid to one of colors in it that she used for binding. I'm pretty sure that a cotton batting was used. There was no problem with seams coming apart or with the batting bunching in the thirty years that I used it before it literally wore out. It was used on my bed/our bed (after I married) the entire time and was washed by machine several times a year during that time.
Oh the memories!