Miss Universe Gabriela Isler
Gabriela Isler of Venezuela, Miss Universe 2013, will crown her successor at the 63rd annual pageant in Doral, Miami.Reuters

The Miss Universe pageant, currently in its 63rd edition, has begun in Doral, Miami, in Florida.

A total of 88 beauties from around the world are vying for the coveted title.

The three-hour programme will end with the coronation ceremony in which a contestant will be crowned Miss Universe 2014 by last year's title holder, Gabriela Isler of Venezuela.

Miss Universe 2014 will also be the first beauty queen to wear new diamond encrusted crown designed by Diamonds International Corporation (D.I.C), for the pageant.

Watch Miss Universe 2014 finals live online

The stage at the US Century Bank Arena of Florida International University in Doral is set on fire with the spectacular welcome ceremony and a host of performances are awaited.

Grammy-nominated singer and songwriter Gavin DeGraw and American singer-songwriters, Nick Jonas and Prince Royce, are all geared up to give an eclectic performance at tonight's event. Gavin will perform his hit songs, Fire and Finest Hour, from his new album.

Watch the exciting performances and coronation ceremony of the Miss Universe 2014 live at NBC live stream here.

For online live feeds and updates on the event's proceedings, visit the official Facebook, Twitter and YouTube page of Miss Universe Organization.