Get out all your materials and a magazine to read doesn't hurt either ;)
Clockwise from top: Clamp pliers, round nose pliers and wire cutters.
Using the round nose pliers make a small loop at the top of the piece of wire.
Stack the beads onto the wire in the following order(Click to enlarge), starting from the small yellow bead. If you prefer you can make all of the diamond-shaped beads slightly smaller in size. I would have done that myself but unfortunately my bead shop only did those beads in 2 sizes(the bottom two diamond beads are 6mm each and the top 2 are 4mm each).
Using the round nose(or clamp) pliers make a loop at the bottom.
Squeeze the loop using the clamp pliers in order to make it smaller and less visible. Snip off any excess wire using the wire cutters.
Open up the loop at the end of the earring hook using the clamp pliers.
Slip the rest of the earring onto the loop and close it back up! Make sure you make yourself a pair for Christmas day!