If you leave the space around the lower pedal of the flower open (cut out) so the wood is exposed in that location, it would help the overall design. Then, if you are a good enough engraver to engrave your design and shade it properly, I think it could be an attractive Patch Box.
There are a few people out there in builder land that can pull this kind of work off and make it look good. There is an example of this kind of work over on the Contemporary page.