Abstract: A magnetic display assembly includes a plurality of magnetic display cards and a metallic display panel for receiving the display cards thereon. The display cards preferably include a face portion, upper and lower arm portions which extend rearwardly from the upper and lower edges of the face portion, a flange portion extending upwardly from the upper arm portion, and a magnetic strip on the rearwardly facing surface of the flange. The face portion includes suitable openings for receiving a jewelry article, such as a pair of earrings, therethrough. The display panel comprises a flat metallic surface which is operative for attracting a magnet. The display cards are positioned against the display panel whereupon they are magnetically retained thereon. The arm portions cause the face portion of the display card to be maintained in spaced relation from the display panel when the card is received thereon.