The parameters of the copied circle are the same, but we need to hide the Drop Shadow and change the parameters of the Outer Glow.



Outer Glow



On the central part we’ll place a metallic star:



Select Custom Shape Tool (U) - 5 Point Star.



Blending Options>Outer Glow



Blending Options>Inner Glow



Blending Options>Bevel and Emboss



Blending Options>Bevel and Emboss>Texture
The texture’s name is Color Paper>Blue Vellum