The award-winning duo works from their London studio, Raw Edges Design. Granted, the full-scale furniture isn't paper - instead, it's durable wool felt combined with wood and an exterior coating of resin, but I'm picturing miniature furniture created in similar style with quilling strips - same goes for the looped rug.
Click through close up images of the colorful collection at Raw Edges Design Studio. There's also a cute, quick interview with Yael and Shay on Wallpaper.com [edit: no longer available] in which they are asked, "If you could design in only one material forever, what would it be?" Care to guess their answer?!