Use a grease splatter screen (dollar store or Wal-Mart) to hold stud earrings. Bend the handle back to make a "stand", or simply hang the handle on the wall. So simple it's ridiculous :-)
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Splatter screen used to create a ceiling hanging display
Food NetworkTM 13-in. Collapsible Splatter Screen
The Stainless Steel Square Splatter Screen helps release steam and water vapor while cooking without oil or food splattering on your stovetop. This convenient screen features a fine stainless steel mesh frame and features a stay-cool handle.