Sunday, December 26, 2010

Abu Dhabi Displays $11 Million Christmas Tree"JEWERLY NEWS"

Who needs tinsel when you've got real diamonds, gold and gems to add sparkle to your Christmas Tree. Check out the ice hanging from this fantastic fir.

Money may not grow on trees, but in one of the richest places on earth it comes very close. The Emirates Palace Hotel in Abu Dhabi, UAR decorated a 43-foot-high faux fir tree with about $11-million worth of precious jewelry from a local jeweler.
Diamond necklace-and-earring sets, strings of pearls, and emerald and ruby bracelets - 181 pieces in total - are strewn between gold and silver balls and bows. The priciest piece is a diamond set costing 3.5 million dirhams, or just short of $1 million.
"It's an artificial tree, but the jewelry - that's not artificial," the hotel's general manager, Hans Olbertz, said at an opening event Wednesday according to the Wall Street Journal.
The Emirates Palace Hotel already has a track record of over-the-top stunts. It installed a gold ATM near its lobby, where customers can buy bullion, and holds a Guinness world record for serving up the most expensive shot of alcohol at some $2,000 for a Hardy Perfection cognac.
While the hotel hopes Guinness may come knocking again to honor their blingy branches, a Japanese tree currently holds the 'most expensive' title, with a 2002 entry worth $10.8 million.

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