I first cut through the white card, about a third of the way down, with a die. I then ran it through an embossing folder. After placing a strip of pink onto the black card, I added the embossed card, leaving a gap for the pink to be seen.
I die cut the circles and stamped the border and sentiment with a freebie from Craft Stamper Magazine.
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Supplies
Stamps: Craft Stamper Magazine - Time To Celebrate
Dies: Spellbinders - Labels 17 & Circles, L'il Inkers - Stitched Circles
Embossing Folder - Cuttlebug - Damask