10-Pack. Traditional red lanterns can be used for festivals, parties, or decorations in the house or office. Like a full moon, these paper lanterns can change the atmosphere of any room. These red lanterns are the traditional Chinese lanterns used in many festivals during Chinese New Year, or for any typical celebration. Lanterns are Red with gold trim and an approximately 8-inch yellow tassel. Decorative Round Paper Lanterns are a great, budget-friendly DIY choice that can be hung anywhere with Lighting Kits & Cords for your Wedding, birthday party or celebration.