And with that, the makeover is complete.

All 2,688 panels on the Times Square New Year's Eve Ball have been replaced with a brand new design, by the crystal company - Waterford.

Waterford's VP of Global Marketing Regan Iglesia explains:

(SOUNDBITE) (English) REGAN IGLESIA, VICE PRESIDENT OF GLOBAL MARKETING, WATERFORD, SAYING:

"All the Waterford crystal panels on the ball this year are brand new. And we are unveiling the new first edition which is called 'the gift of imagination,' and every year for the next ten years we are going to unveil a new gift."

And by "new gift" he means newly designed crystals for different parts of the ball.

Tim Tompkins, President of Times Square Alliance:

(SOUNDBITE) (English) TIM TOMPKINS, PRESIDENT OF TIMES SQUARE ALLIANCE, SAYING:

"New Year's Eve is in part about imagining something better for ourselves in the year to come. Either for us personally, or for the world, so the theme of the 'gift of imaginatio