Leatherette Bracelet and Cord Taco with Filigree Pattern

Upload the engrave and the cut files and if you're not engraving the whole thing, make sure to slice the engrave to fit the cut. Leave some bleed. 

Disable the cut file and engrave the design on the leatherette

Mask the area of the engraving that you'll be cutting. You can trim it down to the engraved area first so that your placement is accurate (if you want). 

Flip it masked-side-down (so you're cutting from the back). Disable the engrave layer and enable the cut layer. Make sure to frame and place your pieces properly. Cut your pieces.

Remove the masking tape and attach your hardware. You can find a detailed tutorial with loads of tips for laser engraving leatherette here.