Abstract: A holiday ornament can be used for presenting and displaying gifts such as jewelry or other small items. The holiday ornament can be hung on a holiday tree or display stand. The holiday ornament is preferably made from a transparent hollow sphere with an opening at the top. A gift such as jewelry can be mounted to a removable cap that covers the opening at the top of the holiday ornament. The gift is downwardly suspended inside the holiday ornament when the jewelry or other item is mounted to the cap and the cap is placed over the opening on the holiday ornament. The cap is easily removed from the holiday ornament and the jewelry is easily removed from the cap when the cap is removed from the holiday tree ornament. The holiday ornament is useful to present a gift contained inside, display the gift, and can operate as an ornament even without the gift inside.