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Since its creation in 1974 by H.S.H. Prince Rainier III of Monaco, the International Circus Festival of Monte Carlo has become the largest and most prestigious circus event in the world. Prince Albert II of Monaco and princess Stephanie of Monaco presented the National Circus of Pyongyang with the 'Clown d'Or' Award - the most respected prize in the world of the circus - during the Award Ceremony of the 39th International Circus Festival of Monte-Carlo on January 20, 2015 in Monaco.

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