1.
First we make a corner.
Open a transparent image 300
x300px. Foreground white. Click
on the Paint brush. Size 250.
Now click on your image.
2.
Effects
à
Drop shadow.

3.
Rezise with70%.
4.
Open the picture and a transparent
image 400 x 400.
Floodfill the image with een
color. Give a Texturize.
5.
Activate the Selection
Tool, Ellipse. 
6.
Now
appetite a ellipse, like this
7.

8.
Copy and paste as new
layer on your empty imgag.
9.
Layerpalet
à
1e layer locked. Activate the 2e
layer, hit with the magicwand
outside the ellipse.
Selections invert. Selection
float. Cut-out.
10.

11.
Unlocked the layer.
Merge vissible.
12.
Go to your Corner, copy
and paste as new layer. Plugin
Simple
à
Top Left Mirror. Merge all.
13.
Add border 3px, select
fill with gold. Selection none.
14.
Add border 3px, fill
with a color.
15.
Add border 20px, select,
go to your image, copy and paste
into selection. Plug-in Simple
à
Quick tile. Kaleidoscope.

16.
Selection float,
layerpalet, promote selection to
layer.
17.
Inner bevel.

18.
Duplicate this border.
19.
Rotate with 45 right,
rezise wiht 70%. Merge all.
20.
Add border 3px, with a
color
21.
Add border, 3px, select,
fill with gold. Selection none.
22.
Add border 3px, fill with a
color.

Thank you Joke and Corry for
testing my lessons!