Blending Options>Inner Glow



Blending Options>Bevel and Emboss



Blending Options>Bevel and Emboss (Contour)



Blending Options>Satin



Blending Options>Gradient Overlay



Gradient’s parameters:

 



Make a copy of the star’s layer and select Free Transform option to make the copy smaller, changing also the layer’s parameters. The layer’s color in this case is #DD2A2B



The layer’s parameters: Blending Options>Inner Glow



Blending Options>Stroke