I used two colors here but you can use one if you would like. I think that a burgundy would look really nice because I have been obsessed with that color lately. All you need is embroidery floss, a safety pin, and a strip of rhinestones which can all be found at Walmart or a craft store like Micheals.
I am really bad teacher so I'll leave you with these pictures and This link to a tutorial that teaches you how to create a bracelet like this. The only difference is that I used the rhinestone strip in the center.