Here are some more pictures . My formal living room and dining room are together.

Check out the Z Gallerie site and they're inspiration pictures for living room. They have quite a few with the sapphire blue and cream color story that you are doing. You seem to favor a subtle glam look with the velvet couch , mirrored tray, and nailhead chairs that they do very well. I guess you have to decide if you want to stay light and bright and go with cream panels, or add some drama with sapphire blue. Your room is pretty with those three windows, good luck!