Yes, it sure depend on the society you find yourselves. Some society prefer skilled workers over certificate while in some countries your certificate speaks for you. This is why we have fake doctors, nurses, engineers, including all fake professions in our world today. Education is good, like its a criteria but when it comes to earn a living, people dont see education as a means anymore.
Educational tools are actually only for ourselves, and some of them are not used when we start earning a living or income. Because in earning a living, skills and intelligence are highly prioritized, so things like diplomas or certificates are less valuable unless the job is directed towards the government, which essentially requires proof through education, even if the holder of the diploma knows nothing. So, it doesn't just depend on the specific place or country, but also depends on the career path itself, as each path always has its own foundations that must be understood.
If we're directly involved in the community, skills are paramount, but a diploma will be a valuable asset. Some companies or individuals typically look at education first, then conduct skills tests. Others prioritize skills, so it depends on the situation.
If we're talking about the importance of both, the answer is yes. I don't think we can compare two things that are actually positive to have. If we can have both, then we should strive to have them as much as possible.