Each prize is awarded by a separate committee; the Royal Swedish Academy of Sciences awards the Prizes in Physics, Chemistry, and Economics; the Karolinska Institute awards the Prize in Physiology or Medicine; and the Norwegian Nobel Committee awards the Prize in Peace. Each recipient receives a medal, a diploma and a monetary award that has varied throughout the years. In 1901, the recipients of the first Nobel Prizes were given 150,782 SEK, which is equal to 8,402,670 SEK in December 2017. In 2017, the laureates were awarded a prize amount of 9,000,000 SEK. The awards are presented in Stockholm in an annual ceremony on December 10, the anniversary of Nobel's death. In years in which the Nobel Prize is not awarded due to external events or a lack of nominations, the prize money is returned to the funds delegated to the relevant prize. The Nobel Prize was not awarded between 1940 and 1942 due to the outbreak of World War II.