My current favorite technique does not have a name, but it has a few steps;therefore, I'll call it Stamping, Baking, Painting, Sanding, and Glazing (SBPSG).
I have lots of fun experimenting with different textures (stamps and texture sheets), colors (clay and acrylic paints), and finishes (matte or glossy).
1. Condition clay by rolling it through the pasta machine.
2. Impress a stamp or texture sheet into the clay, and cut it into desired pendant shape (cookie cutters are helpful). Don't forget to poke a hole for a jump ring, unless your are going to attach a bail.
3. Bake in craft oven (dedicated to polymer clay) according to manufacturer's instructions.
4. Paint with a color that contrasts nicely with chosen color clay, and wait a few hours for it to dry.
5. Wet sand with 600 grit and then 1000 grit sandpaper to remove some of the paint and give the pendant a smooth feel.
6. Glaze with Sculpey glaze (glossy or matte depending on the look you're going for.
I am (almost) always pleasantly surprised with the results, though I have made a few errors with color combination's in the past.