Check out the saddle leather coasters I made for my law firm using my Epilog 45W.
http://www.discoveryfile.com/sawmill/coasters.JPG
This is my first attempt at engraving leather. It worked much better than I'd hoped.
The leather is about as thick as the sole of a new dress shoe. The lighter coasters are unstained, but sealed with leather sheen. The darker coasters at the top are stained with british tan stain and sealed. The coaster at the front (out of focus) is unstained, but sealed. I engraved it as a negative of the others. The process makes it appear brown with a slight red tint, and the letters are raised. It looks pretty cool.
In vector cutting, the laser charred the edges of the coasters, but the finish seals it, and it looks like an edge dressing.
I plan to make these as gifts and for marketing my practice. I'm in the process of laying out a pattern for a leather coaster stand. Other ideas or tips would be welcome.