The Norwegian Nobel Committee said it had awarded them the prize for their efforts to end the use of sexual violence as a weapon of war.
Despite a year seemingly filled with gloom and near constant reminders of humanity's failings, the Nobel Peace prize will reward a person, or organisation, who's worked tirelessly for peace despite the world's many hurdles.
Rediff.com takes a look at some personalities who are likely to win the prize this year.
Indian child rights activist Kailash Satyarthi and Pakistan's Malala Yousafzai have been awarded the coveted Nobel Peace Prize for 2014.
The Nobel Peace Prize winner's battle against Islamic State will go down in history.