Design a logo featuring:

1. **Central Monogram**: Use a stylized letter "A" and "B" intertwined in a sleek, modern font.
2. **Ornamental Circle**: Surround the monogram with an elegant circular design featuring floral elements rather than scrolls.
3. **Crown Element**: Replace the crown at the top with a simple geometric shape, like a star or diamond.
4. **Typography**: Use a bold, contemporary font for the brand name "ELEGANT" below the monogram. Change the subtitle to read "PREMIUM QUALITY" in a smaller, sans-serif font.
5. **Color Scheme**: Shift from gold to a rich silver or deep emerald green for a fresh look. 
6. **Overall Style**: Maintain a luxurious feel while simplifying the details for a modern aesthetic.