I'd do drapery between the windows.

Master bedrooms need drapery panels not only for light control, but to add a feeling of luxury with the fabrics.

I'm seeing a disconnect with the furnishings shown. Will all of it stay as is?

Although I have NO draperies in my current home, I really appreciate the rich look of properly hung draperies. I think that would be your best bet, as the room appears to be of a decent size. Love the crown moulding idea also.

We will be changing the night stands later in the year! As for the headboard, the fabric is hung for a visual of the fabric and colour being used, it is draped over construction paper! As for Lux bedding I love that idea but can you make some suggestions, ie colour to try, pattern given the pattern on the wallpaper and same for an area rug to tie everything together? My ensuite is in a medium colour grey, similar to the wallpaper above the bed, white and magenta as shown in the photo below! I was thinking of throw cushions and a small blanket at the end of the bed to tie in the colour on the wall and the magenta from the ensuite! Your thoughts?

Pls disregard this pic as it doesn't show the wall colour. The cupboard doors are being trimmed and painted! The actual pic is below!

Are you keeping the chairs upholstery? If so, I would incorporate similar colors into the bedding. Ex.

Much better I'd say! Beautiful! I bought the fabric for the headboard a few years ago and haven't made the headboard because the colour didn't seem to work once I painted the room.
What colour drapes would u use?

I see you have two different dilemmas going. You’d get much more cohesive advice if you’d delete one of them