Create glass/stamp effect in Corel

I'm working on an idea for some custom playing cards and would like to have our logo added in a nice way to the sample card i attached. My idea was that the logo should be transparent (no colour) and look like it was stamped out in glass. Or that it look like it is "cut out" from the water. The final work shall be done in corel and will involve adding the effect to up to 5 different pictures. All shall be printable quality work. CMYK.