String the wire (about 2-3 inches should be plenty of excess.)through the two beads.

Wrap the wire around the ring on both sides and secure it by running it under the loops.
I just used a cheap metal size 6 ring. Mine was from Aeropostale but I'm positive you can get them elsewhere.

It should look like this.

Slide both sides of the excess wire into the smaller of the two key rings.

Cut off ALMOST all the excess wire, leaving a short tip to bend slightly around the key ring.
(once everything is spray painted it'll stay in place better but still be able to spin)

Both sides should look like this, if not a tiny bit shorter.

Now put the two head pins on the key ring too. They should be perpendicular to the beads.
Then string the spacer beads onto the head pins. The beads MUST be small enough to fit between the two key rings. If you have none that fit, it's better not to use any.

Here's a different angle.

Slide the ends of the head pins through the bigger key ring.

Put two more spacer beads on the ends. These are optional but I think they look good.

Use the round and flat plier to bend the ends into loops.

Spray paint it gold and wait for it to dry!