Why don't we look at acquiring this look for less.
Ruffle Detail Sleeveless Black Mini Dress
This silhouette is more A-line than pencil but the ruffles and v-neck are quite similar and, overall, you can still pull off the look.
Stud Bracelet $4.00 http://www.charlotterusse.com/
Simple is key and inexpensive is the door....leading to wallet satisfaction!
Stud Front Clutch $14.50 http://www.wetseal.com/
I like this slouchy look and the studs offer a little edgy look.
Vernice Hidden Platform Pumps