1. Open image, make a duplicate and close original.
I used a vertical jpg, but any will work by experimenting with your direction and or the settings. Resize a vertical image to 350 for the height or if your image is horizonal work with a resize that is 350 in width..to make it easier to work with in psp.

2. Choose a light and dark color from your image. making the light color the foreground and dark color the background.

3. Image> Add borders> setting as such:
Border = 2 light color
Border = 4 dark color
Border = 2 light color

4.Select All
Modify > Contract = 8
Invert

5. Effect> 3D Effects > Inner Bevel
SELECT NONE

6. Effects> Geometric Effects> Perspective Vertical = -19, check the color box, Color = Black.

7. Choose Magic Wand And select all new black areas.

8. Flood fill with your dark color. Keep Selected

9.Effects> Texture Effects= Weave
SELECT NONE

10. Add Borders= Same as step 3.

11. Repeat Steps 4, 5

12. Effect> Geometric Effects> Perspective Veritcal same as last time EXCEPT change the setting to 19, instead of -19.

13. Repeat steps7, 8, 9 .

14. Repeat 3,4 and 5.

15 Add Border= 35 dark color select with Magic Wand.

16.Effects> Reflection Effects> Pattern

17. Effect> 3D Cutout = Vertical and Horizontal= 3 Opacity= 50 Blur= 10.00 Color Black
Repeat Changing Vertical and Horizontal to -3
SELECT NONE

18. Repeat steps 3,4 and 5.
SELECT NONE

Resize to your preference and Finally you are DONE!