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Established in April 2008 by the Swiss bank Pictet & Cie and sponsored by the Financial Times, Pictet prize awards an annual scholarship in the amount of 100 000 Swiss francs (70 000), the largest in Europe in the field of photography. It is the Canadian Benoit Aquin has won the first edition, for a series on the process of desertification in China. The second edition of Pictet prize will be awarded in October 2009.
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