No Faye, I don't think you missed anything, but maybe you haven't had time to browse through the Free Wire Jewelry Making Ideas page.
Using the same idea as the Finished Ribbon, a suede cord or strip of soft goat hide will make a nice alternative way to wear and/or display a pendant.
This quick photo is of the back and front of one I use personally. I did not attach any clasp, rather I wear it by lightly wrapping the cord around itself and simply tie the ends together loosely. It stays in place with no problems.
Answer contributed by Dale "Cougar" Armstrong