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The most prestigious is the Fields Medal. See link.
That would be the MVP (Most Valuable Player) award.
The Pulitzer Prize is the most important award worldwide. The Man Booker Prize is considered the most prestigious award given to UK authors. The National Book Critics Award is considered the most prestigious award given to US authors.
Arguably the most prestigious award someone can win is the Pulitzer Prize.
The Heisman Trophy.
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For the Award Ceremony it's Music of Black Origin Awards. Otherwise it's most likely Motherboard.
Most of the time it will be "Awards Ceremony" simply because there is more than one award being handed out. (Ex: 1st, 2nd, 3rd)
Jimmy Smith is most famous for his career as a jazz musician. He has won numerous awards for his music, including the most prestigious award the United States gives to jazz musicians.
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Your local community college.