7. Try representing a circle as we did with the first one, but this one should be smaller.
8. Represent its contour.
9. Select Drop Shadow option on this layer. Fill 0% on the same layer.

The new rivets we’ve got should be positioned on the picture’s corners.

Choose again the Rectangle Tool (U) to create a rectangle of black color. Fill 80% for this last layer.

Next we’ll situate the text with the parameters from below on the last made element.

… and the layer adjustments.

On this stage we’ll get the next result, shown below:

Represent one more rectangle, applying the same method described above:

Represent its shadow:

… and the red mount. Fill 0% for the layer’s transparency.

We’ll get a kind of frame like the next one. Create one more new layer and put it together with the layer containing the frame. Mark them out and press Ctrl+E. This way we’ll rasterize the layer.

Applying the Eraser Tool (E), it’s possible to erase the major part of the frame, leaving only its corners.

Finished!

View full size here.