OK, I'm going through my scrap stash and let's just say, I have more bling than I thought.. and WE ARE ON THE RIGHT TRACK HERE!!!! Unfortunately, PSE is a little more limiting....I tried making diamonds from my bling, but could not get the texture right. I think that is where CS2/3 comes in. Let's keep playing....
Making silk pearls.....this one is pretty!!!
http://www.andreibilan.blogspot.com/2006/10/silk-pearl-in-photoshop.html