Beacon of Hope (sculpture) The sculpture is the result of six years of planning, development and eventual fabrication. Made of stainless steel and cast bronze, she spirals upwards and holds aloft "the ring of thanksgiving". The globe at her feet indicates the universal philosophy of peace, harmony and thanksgiving, and has marked on its surface the cities where the people and industries of Belfast migrated and exported to. The sculpture was fabricated by P.F. Copeland of Newtownabbey, who worked from original scale maquettes by Scott, with the bronze globe cast by Beltane Studios in Peebles. As an icon for Belfast it has been adopted by Belfast City Council, tourism authorities, TV companies and several businesses as an emblem and logo; and in early October 2006 was recognised as the best artwork in the city by the Belfast Chamber of Trade and Commerce. The Thanksgiving Statue is a £300,000 public art metal sculpture by Andy Scott 19.5 metres high constructed in 2007 in Thanksgiving Square in Belfast. As with other public works of art in Ireland the sculpture has been given several nicknames. These include the Beacon of Hope, the Nuala with the Hula (credited to Gerard Doyle), the Bell on the Ball and the Thing with the Ring. It is currently the second largest public art sculpture in Belfast, after Rise on Broadway Roundabout.