I found this awesome tutorial explaining how to do a super cute peter pan necklace with studs! It's so easy to do and the pattern is included for download. Check it at sheblogssheblogs.
I got inspired so I'm in the process of making mine. I used some fake red leather from a local store and gold studs I bought last year from PurpleDolly. Still thinking if I'm going to put more studs on this one or just leave it like (I only have 4 more studs). To finish it just add some chain or ribbon and it's ready to wear.