I studied it for a few minutes and thought I could make my own using MDS. Punches are my new favorite thing ;) Here is my version:
When lining up the buckles and the brads, I found the easiest thing to do was click "Arrange", "Align" and then you can choose "Top", "Middle" or "Bottom". Play around with it a little bit and you'll get comfortable with it quickly - it's super easy. I found a video tutorial on MyDigitalStudio.net by Heather Summers that will show you what I'm talking about .
As always, the girls over at UDI have done a great job on their designs. Make sure to check them out!