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Here's a cheap easy DIY for displaying jewelry. This is my favorite kind of DIY - easy and free. Plus, it recycles product packaging.
Supplies:
Small flat cardboard boxes or squares of styrofoam. (I used two packaging inserts from a laptop box.)
Scrap fabric or two scarves
Push pins
Scrap posterboard
Tools:
Office stapler
Spray adhesive (optional)
Paper cutter (optional)

Cut the fabric a few inches wider than your boxes.
Staple the fabric on the back beginning in the middle of each side, pulling the fabric tight across the front of the box.
Working from the center of each side, staple toward each corner, pulling the fabric tight and toward the corner.

Fold the corners and staple them.

Tidy up the back with a piece of posterboard attached with spray adhesive or a set of push pins.