The image was stamped on cardstock and then lace was applied around it. It was mounted on 2 types of embossed text weight paper and then mounted on the background you see. The tag was applied and threaded with ribbon and pearls added.
You can find more detail and better pictures on my blog:
Paper: Classic Crest Super Smooth Natural 80lb. Cover cardstock, Stardream Chiara Rose Quartz text weight, Curious Caramel and Ice Gold text weight
Ink: Brilliance Galaxy Gold, Twinkling H2O's
Accessories: Cuttlebug Fantasy Flowers embossing folder, Ribbon from Michaels, Mark Richards Crystal Stickers Pearls, White Lace, Spellbinders Ribbon Tags Trio