Looks like Fintie also makes a smaller leather pencil sleeve in a wide variety of colors too.
http://www.amazon.com/dp/B01F6N2BDE?psc=1
Since they are so inexpensive, I ordered a Fintie sleeve for the Apple Pencil.
http://www.amazon.com/dp/B01F6N2BDE?tag=macrumors-20&psc=1
I ordered black. It's quite nice. The leather is grain-textured as shown in the pictures, and is pliable. It smelled sort of funny after I took it out of the plastic wrapper, but after sitting overnight, the smell is mostly gone. It's probably a preservative to keep it fresh on the boat ride from China.
I like this sleeve a lot. It is basically a protective leather sleeve with a fold-over top that fully protects the pencil from damage on drops or in your bag/briefcase. The Apple Pencil fits perfectly and has about an inch of the pen showing at the top..... enough for you to grab the body (not just the cap) and pull the pencil out. It reminds me of a classic pen pouch you often see accompanying fancy pens (Montblanc, Pelikan, Waterman, etc.).
For $8 this is a great option if you want a minimalist sleeve pouch to protect your Apple Pencil. It comes in a variety of colors, too.