You can try something like this:
.box-shad {
-webkit-box-shadow: 7px 7px 5px 0px rgba(50, 50, 50, 0.75);
-moz-box-shadow: 7px 7px 5px 0px rgba(50, 50, 50, 0.75);
box-shadow: 7px 7px 5px 0px rgba(50, 50, 50, 0.75);
}
Demo: http://jsfiddle.net/52VtD/1926/
UPDATE
I don't think it's possibile to set an inner shadow because it's an image; you can draw the circle too instead of use an image, so you'll can set the inner shadow.
Code:
.box-shad {
-webkit-box-shadow: inset 0 0 4px #000;
-moz-box-shadow: inset 0 0 4px #000;
box-shadow: inset 0 0 4px #000;
}
.circle {
width: 140px;
height: 140px;
display: inline-block;
border-radius: 50%;
background-color: #aaa;
}