They're selling light-weight jhumkis in an array of sizes and colours. You can get your hands on these at small makeshift stalls near Benetton and near Sakleys in GK 1 M-Block Market.
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They're a little bit flimsy but if you store them properly, you shouldn't have a problem.
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If you go to the guy near Sakleys, you can even get him to customise your earrings on the spot. He has beads and mini pom poms in different colours.
They also have a bunch of danglers in the shape of leaves and paisleys which go well with western wear.