Step 1: Materials
So you need:
-screws for hinges, make sure they are not so long that they go through the board
-fabric of your choice, I chose a fairly light color Amy Butler fabric with little contrast, so that it would not overwhelm the jewelry and cards that I hang on it.
-stapler & staples
-drill, small drill bit, and a bit that fits the screw
-latch (optional, see last step)
Below are part of the supplies. My mouse is not dragging to make remarks on the image so bare with me.
Step 2: Cut Board, Batting and Fabric to Size
If the edges are rough, you can sand them lightly.
Next cut the batting and fabric to be a little bigger than the board. I made the batting about 1" larger and fabric 3" wider on all sides. I also used extra batting in the middle of the board to make it a little thicker.
Step 3: Staple the Batting to the Board
I started stapling from one long side in the middle working out to 1/4 from the corners. Then I stretched the fabric and stapled in the same way on the other long side.
Stretch the fabric slightly in the middle of the short side and staple almost to the corners. Fix all the bunched up fabric in the corners and finish that end.
Stretch the fabric at the middle of the other short side and work your way out. Finish the corners like in the other end.
Now repeat on the other panel so that you have two identical fabric covered panels.
TIP: Make sure batting is small enough so that it does not come to the backside of the panel. It was hard to drill holes for the screws with the batting getting tangled up in the drillbit.
Step 4: Attaching Hinges
Place the panels next to each other. I predrilled holes form my screws which made it easier to screw them in. I first attached the hinges on one panel and then attached them to the second. Make sure you are attaching the hinges so that they open and close the right way.
Note: Depending how you want your panels to open and close the hinges can be positioned differently. The panels can open up towards you, or away from you like I did. If you stagger the two panels a little, the panels will not open all the way up, which might be desirable so there is less chance of it collapsing. In the third picture you can see that the top panel is a little to the right of the bottom one.
Step 5: Fine Tuning
You can add s-hooks for neclaces and rings. I was thinkging of securing cards with another band on the bottom of the band so that it does not flap in the wind.
On the bottom, back of the holder, I added a latch, to keep it open at a certain angle. I am also going to use this latch to secure it to the edge of the table (see last picture).
ADDITIONAL NOTE. Thanks for the comments, I meant to add that but forgot. You can either make one panel and add a picture hanger in the back, and use it at home. On the other hand you can add a panel or two, and make it into kind of a folding screen, or a triangle. The only thing with a folding screen type of thin is that if the panels are padded, it will be harder to fold it flat, because the padded sides will not want to lay flat against eachother.