The prize winner "Liu Xiaobo" jailed in china and will not be in Norway to get his Prize.
China has launched a wide-ranging campaign to discredit the award.
Ahead of the ceremony, the UN said it had information that China had detained at least 20 activists and was making efforts to block Western media.
A further 120 cases of house arrest, travel restriction, forced relocation and other acts of intimidation have been reported.
Political Pressure:
Due to the chinese pressure about 50 countries of the world including, Pakistan, Saudi Arabia, and Russia are staying away from the ceremony.
Beijing has sought to prevent anyone travelling from China to Oslo to collect the prize on Mr Liu's behalf.
Nobel committee chairman Thorbjorn Jagland has said the award should not be seen as a statement against China.
The BBC's world affairs correspondent Mike Wooldridge says that the intense politics surrounding this year's Nobel peace laureate will overshadow the ceremony itself.
To the Nobel Committee, Liu Xiaobo symbolises a message it was keen to send to China - that its growing economic strength and power do not exempt it from universal standards of human rights.
On the other hand, China says the committee has chosen a criminal convicted under Chinese law to serve the interests of certain Western countries, our correspondent says.
Liu Xiaobo first came to prominence when he took part in the 1989 protests in Beijing's Tiananmen Square.
He was sent to prison for nearly two years for his role, and has been a critic of the Chinese government ever since.
He was given an 11-year prison sentence in December 2009 for inciting the subversion of state power, a charge which came after he co-authored a document known as Charter 08.
The document calls openly for political reforms in China, such as a separation of powers and legislative democracy.
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