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Only the Peace Prize is not given out in Stockholm. On the 10th of December, in the presence of King Harald V of Norway, this Nobel prize is presented in Oslo to commemorate Alfred Nobel's death anniversary.

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The Nobel Peace Prize stands out distinctly among the prestigious Nobel Prizes established by the 1895 will of Alfred Nobel, the Swedish inventor known for dynamite. While the Nobel Prizes in Physics, Chemistry, Physiology or Medicine, Literature, and Economic Sciences are awarded in Stockholm, Sweden, the Nobel Peace Prize is uniquely presented in Oslo, Norway. This variance was specified by Nobel in his will, although he did not explain his reasons for assigning the Peace Prize ceremony to Norway, which was in union with Sweden at the time of his death.

The ceremony takes place annually on December 10, marking the anniversary of Nobel’s death. This significant date is commemorated with a solemn ceremony attended by Norwegian royalty, with King Harald V often present, and a host of international dignitaries. The event is not just a ceremonial occasion but also a symbol of international peace efforts and recognition of contributions to harmony and the resolution of conflicts.

The Nobel Peace Prize has historically been awarded to individuals, organizations, and movements that have made substantial contributions to advancing peace and resolving conflicts. Recipients have included a diverse group of people from Martin Luther King Jr. to Malala Yousafzai, and organizations such as the International Red Cross and the United Nations. Each laureate receives a medal, a diploma, and a financial grant, which has varied in amount over the years.

The distinction of Oslo as the venue for the Nobel Peace Prize underscores the importance of international diplomacy and the hopeful aspirations of the global community towards achieving a more peaceful world. The choice of location highlights Norway's historical and contemporary role in international peace initiatives and diplomacy, including efforts like the Oslo Accords in the 1990s.

Thus, while Stockholm adorns itself with the celebratory awarding of most Nobel Prizes, Oslo shines on the international stage with its distinct commitment to peace, symbolized through the annual Nobel Peace Prize ceremony. This event is not only a tribute to Nobel’s vision but also a global call for continued efforts toward achieving lasting peace.