A jewelry display and storage apparatus having top and bottom frame members is provided. The top frame member defines an open gridwork, the gridwork being formed of a series of openings. The bottom frame member is matingly engageable with the top frame member so that when the top frame member and the bottom frame member are matingly engaged, the top and bottom frame members form a peripheral channel about the perimeter of the frames. One or more jewelry mounting pads are provided for mounting within the openings. The jewelry mounting pads are provided with a top surface upon which jewelry may be mounted and displayed, a bottom surface and peripheral side walls. The bottom surface and a portion of the peripheral side walls are securable within a corresponding opening. An ornamental band having first and second ends is provided so that when the first and second ends of the ornamental band are inserted within a slot in the peripheral channel, the ornamental band is mounted and secured within the channel.
