Two options for you. I've recently been hunting down the same type of item. #1 is the new L'Oreal HiP loose kohl powders. You can find them at Ulta, drugstores, Meijer, etc. They're ~$11-13, but you can often find them on sale since they're made by L'Oreal. There's more fallout, arguably, than Guerlains, but they're also $20 cheaper! They get awesome reviews. #2 is Shaeyes herbal kohl stick by Shahnaz Husain. I got mine off of ebay. It's made in India and is in a similar lipstick-like form. Only problem is it took 14+ days to get mine, so if you need one, be prepared to wait a while. But it was only ~$8. I haven't tried my Shaeyes enough yet to give a good review, since I just got mine yesterday. haha. But hope this helps you! Lining the waterlines with black really does make a more striking effect.
*Edit - I just reread your original post after I posted. (I can only see the title of the thread when I replied.) So...I guess only #2 still stands!