Hotel unviels $11m Chrsitmas tree

(Daily Finance): An Abu Dhabi hotel has unveiled a jewel-encrusted Christmas tree worth more than $11 million. It is the "most expensive Christmas tree ever," said Hans Olbertz, general manager of Emirates Palace hotel. The tree stands 40 feet tall and is decorated with silver and gold bows, ball-shaped ornaments and white lights. Its branches are draped with 181 diamonds, pearls, emeralds, sapphires and other previous stones. "The tree itself is about 10,000 dollars," Olbertz said. "The jewelry has a value of over 11 million dollars." The Emirates Palace hotel, which hopes to register the tree in the Guinness book of World Records, is no stranger to luxury – it has a vending machine where visitors can buy gold.

Go to article