No decorations needed: The 26lb gold Christmas tree that's worth £1.3million... but it's not for sale

One Tokyo Christmas tree has a special glow even amid the global economic gloom - it's made of pure gold, and valued at $2 million (£1.3m).

A jewellery store in Tokyo's posh Ginza district teamed up with flower arrangement artist Shogo Kariyazaki to create the lavish Golden Christmas Tree.

The eight foot tall tree is made from 12kg (26 lb) of gold and is adorned with ribbons, hearts and orchids, also made of gold.

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World's most expensive Christmas tree: The pure gold Christmas tree valued at £1,300,000 is shown off by  flower arrangement artist Shogo Kariyazaki, who helped create it in Tokyo

World's most expensive Christmas tree: The pure gold Christmas tree valued at £1,300,000 is shown off by flower arrangement artist Shogo Kariyazaki, who helped create it in Tokyo

The value of the gold is about $700,000 (£450,000) but the total value of the tree is much higher because of labour costs, said Naoto Mizuki, marketing general manager at the store.

'Considering the time it took to make, the designer and hard work put into it, we can assume that the cost of this tree would be approximately 150 million yen,' he said.

The craftsmen spent four and a half months to complete the creation.

And the gleaming display caught the eyes of passersby.

'When you're looking at the tree, it really jumps out at you,' said window-shopping housewife Kisoko Sakabe.

The tree is not for sale.

It will be on display at the store through to Christmas Day.

The tree has set a new world record for the world's most expensive Christmas tree, according to World Records Academy.

Other festive world records have been made in Belgium, where Kiwanis Melmedy from Haute Fagnes, set the record for most lights lit simultaneously on a Christmas tree - totalling 194,672.

And Erin Lavoire in the U.S has set the new record for chopping the most Christmas trees chopped in two minutes - which was 27.