The disc is a Japanese postage stamp, with a circle of a page in Japanese (I think), sandwiched in fused plastic. That was sort of hit-and-miss. It was trickier than it seemed it might be.
I used ribbon and a button for my toggle/clasp, and stitched more buttons and beads to it.
The bow in the last picture was my first try at laminated felting. I used a rectangular scrap of lace and felted variegated purple wool onto it. It didn't quite work out as I'd hoped, so I pinched the middle and tied ribbon around it to make a bow.
I did the blanket stitching and the felted lace piece while watching tv last night, and that didn't take any time at all. I did the embellishing all this morning. Everything was stuff I had on hand already, so it also went quickly.