With the ideals of Christmas being charity and giving, it's nice to know that the Emirates Palace is displaying a Christmas tree worth $11.5 million. According to The National, the Emirates Palace will be showcasing some jewelry. (To read the details, click here.)
This tree has emeralds, gold, sapphires and diamonds on it. The most expensive "ornament" on it is a diamond necklace worth around $1 million. The least expensive items on it are worth a mere $10,000. (You can view a video of it here.) The insurance on the items had to be negotiated and the eventual premium came to 50,000 dirhams or around $15,000.
Lest people become cynical, this is all being done for a good cause: to get into the Guiness Book of World Records as the world's most expensive Christmas tree. This tree breaks the record held by Japan at $10.8 million. Go Abu Dhabi!