Thank You Selma for the inspiration and detailed explanation of your beautiful card. (http://selmasstampingcorner.blogspot.com/2011/11/may-beautiful-moments.html)
Following her guidelines and tweaking it to use materials at hand I made this card. I used:
Spellbinder dies: Mega Labels, Labels 5, Layered Poinsettia
Cuttlebug: Swirls embossing folder
Just Rite Stamps: Christmas Treasures
Misc: Papers, Pearls, Zing Gold Embossing Powder
Already I have other ideas for "similar" cards. Stay tuned :)