It holds a total of 181 diamonds, pearls, emeralds, sapphires and other precious stones according to Khalifa Khouri, owner of Style Gallery which provided the jewellery.
Hans Olbertz, general manager of the hotel, said: ‘The tree itself is about $10,000. The jewellery has a value of over $11million – I think 11.4m, 11.5m.’
He added that the hotel would apply to the Guinness Book of World Records to find out if its tree is the most expensive ever.
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