The world’s most prestigious award Nobel Prize
The Nobel Prize is the legacy of Sweden’s Alfred Nobel (1833–1896).
Prizes are awarded to ‘those who, during the preceding year, shall have conferred the greatest benefit on mankind.’
10 December is Nobel Day, both in Sweden and in Norway.
For the prize winners, it is the climax of a week of speeches, conferences and receptions.
At the Nobel Prize Award Ceremony in the Stockholm Concert Hall that day, the winners in Physics, Chemistry, Physiology or Medicine, and Literature receive a medal from the King of Sweden, as well as a diploma and a cash award.
The Nobel Peace Prize is awarded in Oslo City Hall on the same day.
The Nobel Prize is currently SEK 8 million (USD 0.94 million, EUR 0.84 million, ₹72,693,900.) for each prize category, even when the prize is shared. There may be no more than three winners, or laureates, for each prize category. Medals made before 1980 were struck in 23 carat gold, and later in 18 carat green gold plated with a 24 carat gold coating.
First Awarded in 1901.