The wood is beautiful. To me, the wood has an oriental-Japanese-inspired vibe. This wall's paint is nice, if your can match. Here's a method of choosing wall paint: http://www.lindaholtinteriors.com/2011/07/testing-wall-color-101/ Can you keep just the curtain panels and remove the sheers? At a later time, a non-patterned curtain panel the color of wall. I saw the art and I think it is OK, but not for this room. Perhaps in a bedroom? I don't understand the theme you have going? Giraffes? Clocks? If you like clocks, remove the giraffes and buy something like a large round wrought iron "clock". Note also the rug, pillows & throw as inspiration for your room. Perhaps the TV console in a lighter tone wood like their end tables (your room = too much black).

You don't have to give up your beloved pink. Pink, brown and grey are doable. I googled pink and grey living room and saw some great pictures. Maybe get a large carpet that pulls out the pink (must match the same shade of pink). Then place your beautiful little pink and cream Kashmir(?) carpet over it. Also pull that same pink into sofa pillows. And a similar pink and brown Tablecloth for the dining table will pull the colours together. Just need to make sure all the pinks are the same shade with small accents/border of the same brown and grey from the sofa. Solid colours or subtle designs will be easier to coordinate than bold dramatic prints. These 2 are not the right shade of pink but you get the idea, I hope. Carpets with tone on tone pattern. A dusty rose on one wall would be nice too.

You've got a great space here, and there's so much you can do with it! Do you know what style you're looking to achieve? If you've already got a red and white colour scheme going in your kitchen, you can always opt for this in the living room. Sometimes grey can make the room look a little dark, so it's always worth investing in a white base, and build from there. Maybe change the colour of the curtains to something a little lighter and richer?

I would suggest using a blackout and thermally insulating roller blind, and sheer drapes inside that. You would be able to use the sheer drapes most of the time, and the blinds for hot sunny weather or TV when the sun is in the wrong place.