This scan turned out a bit dark so it's hard to see, but the points on the snowflake are little domed gems with mirror backs that look like a whitish silver irl.
All stamps are by Innovative Stamp Creations (see sidebar for link).
I started with a watercolor paper panel - I like the kind where the pad is sealed all the way around, and you have to slice around the edge to lift off the top layer after it's dry. This sealing reminds me of the red coating at the top of notepads that binds the pages together and then you can tear one sheet off at a time. The sealed watercolor pad keeps the page from warping as it drys. I think I got my pad at Blick's art supply, but you could get a similiar effect by taping all four sides of your paper down on a craft mat etc. before you start this.
I embossed the snowflake in black, and then colored it in with markers. I spritzed the panel with water till the colors ran and then let it dry. For more info on this technique and more artwork samples check out TechniqueJunkies on the sidebar.
I trimmed the panel, added the Merry Christmas with black Staz-On, and the self-adhesive stickers (Archiver's). I edged the panel with a silver Sharpie, and layered it to a light blue panel.
I used the paper I'd trimmed off for the square panels, edging them in silver, layering them to blue cs and then punching rectangular holes for the sheer black ribbon.
There is a swirly design stamped in black on the background cs, and this is mounted to a dark silver metallic cs.
Thanks for looking!