On Thursday morning the focus was on Nobel Peace Prize recipient Barack Obama as he was invested with the award in a glittering ceremony in Oslo.
But for the latter part of the day all eyes were on Stockholm, as the Swedish royal family presided over the presentation of the remaining awards.
Though the evening was all about the winners – who each receive ten million Swedish Kroner (£860,000) – stealing the limelight were King Carl Gustaf's elegant daughters Victoria and Madeleine.
The sisters, who are both engaged to be married next year, were radiant at the gala event, held as is customary on the anniversary of the death of scientist Alfred Nobel in the Concert Hall of the Scandinavian capital.
Princess Victoria chose a flowing gown in one of her favourite colours – deep purple.
Meanwhile Madeleine, who watched the ceremony alongside her brother Prince Carl Phillip, opted for a delicate green and black lace strapless dress which contrasted perfectly with her honey blonde locks.
Both sisters and their mother Queen Silvia dazzled in some of the precious jewels and headpieces that form part of the Bernadotte family foundation.
The queen wore the Nine-Prong Diamond Tiara - which was made for the wife of the Swedish King Oscar II, who reigned from 1872 until 1907. Meanwhile her elder daughter Victoria wore the Six Button diamond tiara while Madeleine wore the four-button version.
All the diamonds on these two headpieces were apparently attached to the crown used at the coronation of King Carl XIV Johan in 1818.