The emboss effect is created by adding a highlight, and shadow to opposite
sides of the layer contents. Below you can see the effect, alone against
the background. The effects are added on separate layers above the layer
they are applied to. The shadow layer has a blend mode of Multiply, and
opacity of 75 %, while the highlight layer has a blend mode of
Screen, and an opacity of 75 %.
A close up of what the Emboss effect looks like when applied to a red
circle is shown below.
The dialog box for the various Bevel and Emboss effects is the same. For
details, and illustrations of all the settings affecting the Emboss style,
please see the main Bevel and Emboss page.
And here is the Layers palette after the effect was deconstructed by choosing Layer > Layer Style > Create Layers.
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