I don't think you'll be able to get that edge with knitting. You could get something kinda similar... like with yarn overs and a picot edging, but it would not look nearly as refined and beautiful as it does crocheted.
It's a gorgeous edge, and I personally think crochet is a lot easier than knitting. Maybe tackling this project would be a good learning experience?
PS.. I'll shoot Marnie a PM to direct her to this thread.