Use the Nesting Ovals QuicKutz Dies by Lifestyle Crafts to cut, emboss and stencil. These 13 dies are compatible with most die cutting machines. They range from approximately 0.5" x 1.5" to 4" x 6", increasing in 0.25" increments.
I ordered this for myself and now ordered it for a friend. I get so much use out of this due cut. There's 13 and they're graduated ever so slightly so when you use two or more together, you get an amazing look.