Conferral (noun)

1. The act of conferring, giving, or granting something, especially a degree, title, or award.
2. The presentation of an award, title, or degree, especially in a ceremony.

Origin:

From the verb 'confer', which means 'to present, grant, or bestow (something, such as an award or titl.e)'

Examples:

1. The university held a grand conferral ceremony to award degrees to its graduating students.
2. The award for best actor was the highlight of the night's conferral.
3. The conferral of the doctorate degree was a proud moment for the young scholar.
4. The king's conferral of knighthood on the brave knight was a significant moment in history.
5. The conferral of the Nobel Prize in Literature was a proud moment for the author and his country.