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Thu 11 Dec 2014 12:23 PM

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Nobel Peace Prize Award ceremony

Since 1901, the Nobel Prizes have been presented to the Laureates at Oslo City Hall, Oslo, Norway, on December 10, 2014. Each recipient, or laureate, receives a gold medal, a diploma and a sum of money, which is decided by the Nobel Foundation. As of 2012, each prize was worth 8 million SEK ( $1.2 million, €0.93 million).

Nobel Peace Prize Award ceremony
Thorbjorn Jagland of Norway looks on as Malala Yousafzai and Kailash Satyarthi accept their Nobel Peace Prize Award during the Nobel Peace Prize ceremony at Oslo City Town Hall on December 10, 2014 in Oslo, Norway. (Getty Images)
Nobel Peace Prize Award ceremony
L-R Thorbjorn Jagland of Norway, Kailash Satyarthi, Malala Yousafzai, Kaci Kullmann of Norway, Inger-Marie Ytterhorn of Norway, Berit Reiss-Andersen of Norway and Gunnar Stalsett of Norway at the Nobel Peace Prize Ceremony at Oslo City Hall on December 10, 2014 in Oslo, Norway. (Getty Images)
Nobel Peace Prize Award ceremony
L-R King Harald V of Norway, Queen Sonja of Norway, Crown Princess Mette Marit of Norway and Crown Prince Haakon of Norway attend the Nobel Peace Prize Ceremony at Oslo City Hall on December 10, 2014 in Oslo, Norway. (Getty Images)
Nobel Peace Prize Award ceremony
King Harald of Norway (L) congratulates the 2014 Nobel Peace prize laureates India's Kailash Satyarthi (C) and Pakistan's Malala Yousafzai after the Nobel Peace Prize awarding ceremony at the City Hall in Oslo on December 10, 2014. The 17-year-old Pakistani girls' education activist Malala Yousafzai known as Malala shares the 2014 peace prize with the Indian campaigner Kailash Satyarthi, 60, who has fought for 35 years to free thousands of children from virtual slave labour. (AFP/Getty Images)
Nobel Peace Prize Award ceremony
The 2014 Nobel economic sciences laureate French Jean Tirole from Toulouse 1 Capitole University, raises his glass as he addresses the traditional Nobel Prize banquet at the Stockholm City Hall on December 10, 2014 following the Nobel Prize award ceremonies for Medicine, Physics, Chemistry, Literature and Economic Sciences. (AFP/Getty Images)
Nobel Peace Prize Award ceremony
The 2014 Nobel laureates in medicine John O'Keefe addresses the traditional Nobel Prize banquet at the Stockholm City Hall on December 10, 2014 following the Nobel Prize award ceremonies for Medicine, Physics, Chemistry, Literature and Economic Sciences. (AFP/Getty Images)
Nobel Peace Prize Award ceremony
The 2014 Nobel chemistry laureate Germany's Stefan Hell of the Max Planck Institute for Biophysical Chemistry in Goettingen, raises a glass as he addresses the traditional Nobel Prize banquet at the Stockholm City Hall on December 10, 2014 following the Nobel Prize award ceremonies for Medicine, Physics, Chemistry, Literature and Economic Sciences. (AFP/Getty Images)
Nobel Peace Prize Award ceremony
The Nobel Physics laureate 2014 Shuji Nakamura of the California University, Santa Barbara, addresses the traditional Nobel Prize banquet at the Stockholm City Hall on December 10, 2014 following the Nobel Prize award ceremonies for Medicine, Physics, Chemistry, Literature and Economic Sciences. (AFP/Getty Images)
Nobel Peace Prize Award ceremony
(From L) Wife of Nobel laureate Sharon Stein Moerner, laureate William E. Moerner, Dr. Na Ji, laureate Eric Betzig, King Carl XVI Gustaf and Queen Silvia of Sweden, laureate Stefan W. Hell, and Professor Anna Kathrin Hell pose after the the Nobel banquet at the Stockholm Town Hall on December 10, 2014. (AFP/Getty Images)
Nobel Peace Prize Award ceremony
A general view at the Nobel Prize Banquet 2014 at Concert Hall on December 10, 2014 in Stockholm, Sweden. (Getty Images)