Great label! I'd lose, soften, or make more transparent the upper highlight on the glass... it looks kinda strange at first... like a squashed moon above the water... I think there's enough going on that you don't need it that prominent. Plus it makes the glass look oddly smooth next to the grunginess of the frame.
The font looks fine... it might be a bit plain, but you don't want it overly idiosyncratic, either...