Ring French friend holding equipment for Japanese art (7)
I believe the answer is:
origami
'japanese art' is the definition.
(I've seen this before)
'ring french friend holding equipment' is the wordplay.
'ring' becomes 'o'.
'french friend' becomes 'ami' (I've seen this before).
'holding' is an insertion indicator.
'equipment' becomes 'rig' (rig is a kind of equipment).
'o'+'ami'='oami'
'oami' enclosing 'rig' is 'ORIGAMI'.
'for' acts as a link.
(Other definitions for origami that I've seen before include "Japanese paper-folding art" , "folding stuff?" , "Eastern art" , "Creation of objects from paper" , "that's folding" .)