Let's learn something NEW!
Let's learn the how to get that raised look from the safety pin.
Erase the area that will look like it is going through the paper. (hard edge brush)
Create a new blank layer above the layer that you want the effect applied to. (in this case, it was the frame layer.
Go to Edit, Fill and choose 50% gray.
Change your blend mode to overlay.
Select your burn tool, set to midpoints at around 18-20%.
Select a very small soft brush.
Zoom in very close. Run your burn tool in a straight line a few times to make the shadow area on both sides..
Select your dodge tool, set to highlights at around 12-14%.
Still using a very small soft brush. Run it over the top area to give a lightened effect.
Zoom back out and lower the opacity on the fill layer because I always tend to overdue the effect. ;)
Do let me know if you give it a try?