The quality and skill of the carving beggar's belief. The wooden display unit by comparison is pretty crude.
If you're laminating up two boards for thickness then make sure the glue line is impeccable, or run a tiny round over on each mating arris to obscure the joint, or better still drill the bottle hole blind, or cap at the through hole with some kind of turned boss. Why is there a thin capping lamination at one end and a thick capping lamination at the other? The two wooden uprights are also weird, one is cross grain to cross grain, but the other is long grain to cross grain. And surely for something like that you could run to some nice neat mitred joinery instead of clunky butt joints? And why not make the display unit in the same Cedar as the pencil is made from, or choose a fine grained timber that can withstand close inspection and then ebonise it to mirror the knob on the glass bottle?