Hi Salaam,
You're right should have done this earlier,so here it goes:
take the circle>make it way bigger
apply bevel with following settings;
flat,inwards till a small circle inside
contrast = 100%
light angle = 270
light elevation = 0
apply some feathering
put the rectangle behind the beveled circle
ctrl+a
apply clip view
done
(thanks Ankhor for the metallic look xar file)
Hans
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