A close up of the studs. I though I had more, but my earrings seem to have disappeared.
Here is the back. I used mod podge to seal it in place. I was tempted to use a staple gun to secure the paper too, but lets see how the mod podge holds up. I pre-pierced the holes for the earrings with a paper piercer. (If you do so with the earring itself the paper tends to get creases.)