It turned out not good, not bad, and quite different from what was in my mind. Anyway this is a fresh design. I've been thinking of creating tassels with small roundels for several months. Now I finally tried to make it and I love the result.
The ideal tassel in my mind is with very tiny micro faceted rainbow moonstone. I hope I can try this idea out in the near future. Maybe earrings instead of necklace. And I am gonna to make them for myself!