Abstract: A convertible earring of the present invention is capable of being selectively used as a clip-on earring or a pierced earring. The earring includes an ornament and a clamping assembly for resiliently clipping the earring on the earlobe of the wearer when the earring is in its clip-on mode. A post is pivotally mounted on the ornament and movable between a stowed position in which the post lies flat in a plane generally parallel to the plane of the ornament, to a use position in which the post extends generally perpendicularly from the ornament for insertion through a pierced opening in the wearer's earlobe. When the post is in its use position, the clip portion is movable to its earlobe clamping position for engaging the free end of the post.