Restore Stamped Leather Picture

[dfoxhoven]

So my father and mother made this awesome leather picture probably 50 years ago, I've had it hanging for sometime and it's been around, and I would like to restore it and possibly even commission someone to die it to give it some color.  Anyone know what or how I can go about this process?

[tsunkasapa]

Pictures?

[fredk]

and more details on what needs doing to 'restore' it in your opinion