The event, which took place inside Brooklyn's Kings Theatre, also featured performances from JoJo, Serayah and Bebe Rexha, Remy Ma, Diana Gordon and Vanessa Williams who sang her 1991 hit ballad "Save the Best for Last."
Carey who was seen rocking a red and gold nutcracker inspired outfit, brought out her beloved 1994 holiday classic "All I Want for Christmas Is You" alongside a red sleigh she arrived on and a number of dancers dressed as toy soldiers.
"I'm thrilled VH1 asked me to return to the Divas stage this year," Carey said previously about joining the event in a statement. "The Divas special offers a wonderful opportunity to perform for my fans over the holidays, which is my favorite and most festive time of year."
Teyana Taylor meanwhile performed Eartha Kitt's 1953 holiday staple "Santa Baby." The special also featured footage of Taylor and her NBA star husband Iman Shumpert along with their daughter Junie as the family showcased how they celebrate the holidays.
The most legendary moment came when Patti LaBelle and Chaka Khan shared the stage together for a special duet of Aretha Franklin's "(You Make Me Feel Like) A Natural Woman" followed by Khan's "I'm Every Woman" at the tail end of the show.