All the layers styles are quite typical and don't have any complex settings.

shape and color



shape and color



shape and color



shape and color

Now, when we took care about border style let's take care about the center, circle area.

I will try to give as mush styles as possible to this one.

1- we have Emboss with the small amount of texture, you will hardly see it.

shape and color



 
shape and color

2- Cyan color overlay set to hard mix to maximize the contrast of the image.

shape and color

3 – quite standard gradient overlay set to Luminosity.

shape and color

4 – and of course the pattern set to Linear burn (&33% opacity)

shape and color

Now I've remembered a very good and easy technique that can be applied to styled objects.

Choose Horizontal Type Mask Tool. But first I would like to create a curve line using pen tool.

shape and color