2016’s Lunar Festival starts on February 1 and ends on February 15. The Lunar Festival is held every year starting on a date that typically coincides with the Chinese New Year.
2015 added several updates:
Elune’s Lantern from Elune’s Blessing is now a toy, and there are two Firework toys for sale, Everlasting Alliance Firework and Everlasting Horde Firework:
They were previously only available for one week before Mists of Pandaria launched as part of the Theramore scenario–great to see them return!
They cost 25 Coin of Ancestry each, and learning one automatically teaches you the toy for the opposite faction.
(Learn how to track your Toy Box collection on Wowhead. http://www.wowhead.com/guides/vanity-collections/toy-box#toy-box-and-tracking-on-wowhead)
For pet lovers, there’s the Perky Blaster–give your Perky Pug a firework!
Engineers get three new firework schematics: Schematic: Alliance Firework, Schematic: Horde Firework, and Schematic: Snake Firework. These require 500 skill.
Vendors sell Ancient Heirloom Armor Casing for 40 Coin of Ancestry and Timeworn Heirloom Armor Casing for 75 Coin of Ancestry.
Guide here – http://www.wowhead.com/guides/world-events/holidays/lunar-festival (wowhead)
None the Wiser Guild 