Graven would be sculpted; would it not?
It can also mean “carved into”, as in “engraved”, which would be a way to make an image in those days.
Personally I take it in the “sculptured” meaning, although many sermons from various faiths like to suggest that a graven image can be anything that you put on a pedestal or “worship” in place of God. Money is sometimes suggested as such a “graven image”.
I don’t buy the idea that an actor playing Christ is actually replicating or being an image in place of Christ, so it doesn’t bother me personally. But that’s what my church teaches.