Founded by the International Dance Association in 1991, it takes place each year on or around April 29 and it's judged by a jury.
Statuettes are given to the winners in the categories of lifelong achievement, ballerina, danseur, choreographer, composer and designer.
The Benois de la Danse earns a cash prize of $1,000,000, as well as exceptional events occurring during the previous year on stages around the world.
The idea for the Benois de la Danse was initiated in Moscow and the founders succeeded in obtaining the patronage of UNESCO in the autumn of 1992.
French sculptor Igor Ustinov designed the statuette of the Benois de la Danse award in 1992.