How to Make a Designer Necklace?

Originally I had a silver pendant and I decided to make a colorful necklace to hold it.

I searched over and over my drawers and finally found these items, and I suddenly saw

my designer necklace in my mind's eye.

Materials you need: 

colorful yarns, I choose 3 different colors

and a silver thread 

"macaroni"-size  plastic tube 

hot glue

magnetic fastener

1. cut a necklace size from the plastic tube

I wanted a middle size one so I measured 70 cm

S 50 cm

M 70 cm

L 90 cm

2.  make a knot around the tube and begin to wind the weft around the tube

change colors as often as you wish overlapping the previous loose end.

This easy technique is coiling: a method for making 

baskets for centuries in almost every culture.

3. Cover your tube fully. Use your yarn tightly.

4. At the very end of your tube fix the loose yarn with a fleck of hot glue 

5. Finish it with a magnetic fastener. 

As you glue the magnets into the hole

your yarn-end would be securely double-finished

Version 1: I used a shawl clip to make my necklace hip.

Version 2: I coiled the silver pendant and... 

I can't decide which version I like better. 

Can you?