NEW YORK - The centerpiece of the Times Square New Year's Eve celebration will be installed Wednesday morning.

Each year, new Waterford Crystals are added to the 12 foot sphere.  

The theme of this year's tiles is "Gift of Serenity." 

More than 2,600 crystal panels and 32,000 LEDs make the ball sparkle.  

As always you can watch it drop LIVE on NY1. 

Our special coverage starts at 11 p.m. on New Year's Eve.