Quick answer: Yes.But of course, the devil is in the details. Studded heels (as well as studded flats and studded boots are all the rage right now, and you can definitely have fun incorporating them into a formal look.In general, larger studs are less “dressy” than smaller studs. Pointy refined studs are fancier than round studs, or flat square studs. The subtle platform and stiletto heel are elegant and not over the top, the studs simply play the role of interesting detail. Perfect for a formal event.For formal occasions, the studded heels should not take over the room, or your entire outfit (for casual dress, we say go for it and you can never have too many studs). Studded heels are not to be worn with a studded purse, or a studded clutch, or a studded dress… you get the picture. Be wary of overkill.
Source : www.aelida.com