To use this stencil, trace the outside perimeter onto the leather.
Without lifting the stencil, trace the inside perimeter of the hollow side onto the leather except the small flat section at the top.
This is the stitch line (a 3 mm stitch line).
The hold on the other side of the stencil is for marking were to punch for a cabochon if one is being used.

After cutting out the leather, slide a key ring onto the middle of the fob before gluing.
Fold the fob in half, and glue the fob together without gluing the loop length in the middle.
Stitch the fob and punch for a cabochon if one is being used.