First, I used the Pen Tool to create such a shape and filled it a bright red. Then, I whipped out the Burn Tool to darken the areas near to the edges a bit. This is the front cover of the notebook.

Then, I copied the layer and clicked on Image > Adjustments > Brightness & Contrast to darken it. After that, I pushed the copied cover a few pixels downwards.

Next, I CTRL + Clicked the cover layer to load a selection of the cover’s shape. After that, I pressed Select > Modify > Contract to shrink the selection by 1 pixel. I filled the resultant selection with a white colour and pressed ALT + Down on the keyboard a few times to drag a greater “depth”.

To create the glossy feeling, I used the Pen Tool to drag out a shape like the one above.

Then, I pressed the Load path as a selection button in the Paths Pallette. With the selection still active, I clicked on the “cover” layer while holding the CTRL + SHIFT + ALT keys on the keyboard. Then, I pressed Select > Modify > Contract and filled the selection with a white shade. The final step is to drop the layer opacity by 50%.

Now, drag the shape shown with the Pen Tool. Then, load it as a selection and fill it white. Done!

The binding rings are created in a similar manner, using the Pen Tool to outline the shape and filling it grey. However, I went an extra step of darkening the edge of the ring to simulate shadows. It’s small details like these that make an image really stand out from the rest.