A New York restaurant where an average meal for two will cost $700 has been named the best in the world.

The annual World’s Best 50 Restaurants were announced at a ceremony in Melbourne, Australia on Wednesday.

Eleven Madison Park won the accolade for the first time after debuting on the list at number 50 in 2010. The restaurant was praised for a fun sense of fine-dining, “blurring the line between the kitchen and the dining room”.

The nine best restaurants in the world (2017) Show all 9 1 /9 The nine best restaurants in the world (2017) The nine best restaurants in the world (2017) 1. Eleven Madison Park, New York, USA World's Best 50 Restaurants The nine best restaurants in the world (2017) 2. Osteria Francescana, Modena, Italy World's Best 50 Restaurants The nine best restaurants in the world (2017) 3. El Celler de can Roca, Girona, Spain World's Best 50 Restaurants The nine best restaurants in the world (2017) 4. Mirazur, Menton, France World's Best 50 Restaurants The nine best restaurants in the world (2017) 6. Asador Etxebarri, Axpe, Spain Mariano Herrera The nine best restaurants in the world (2017) 7. Gaggan, Bangkok, Thailand FB://Allwecandid The nine best restaurants in the world (2017) 8. Maido, Lima, Peru Jose Caceres The nine best restaurants in the world (2017) 9. Mugaritz, San Sebastian, Spain World's Best 50 Restaurants The nine best restaurants in the world (2017) 10. Steirereck, Vienna, Austria World's Best 50 Restaurants

Signature dishes include Swiss-born chef Daniel Humm’s roasted duck and diners can feast on an eight-course tasting menu which costs $300 per person.

Last year’s winner No.1 Osteria Francescana in Modena, Italy came runner-up in this year’s award, retaining its Best Restaurant in Europe title.

The highest-ranking restaurant in the UK comes from London’s The Clove Club, based in Shoreditch, which was ranked 26th. One position down was The Ledbury in Notting Hill, for which the commended standout dish was Chinese water deer with smoked bone marrow.

Heston Blumenthal’s Dinner by Heston Blumenthal in London was the final UK restaurant on the list coming in at 36th place. The chef was also honoured at the ceremony with the Diners Club Lifetime Achievement Award.

The awards list has previously been criticised for favouring expensive restaurants and neglecting affordable ones. It has also been criticised for a lack of diversity in terms of the areas of the world featured and gender imbalance. This year, three out of the fifty chefs featured are women.

The list in full:

1 Eleven Madison Park, New York, USA

2 Osteria Francescana, Modena, Italy

3 El Celler de Can Roca, Girona,

4 Mirazur, Menton, France Spain

5 Central, Lima, Peru

6 Asador Etxebarri, Axpe, Spain

7 Gaggan, Bangkok, Thailand

8 Maido, Lima, Peru

9 Mugaritz, San Sebastian, Spain

10 Steirereck, Vienna, Austria

11 Blue Hill at Stone Barns, New York, USA

12 Arpège, Paris, France

13 Alain Ducasse au Plaza Athénée, Paris, France

14 Restaurant André, Singapore

15 Piazza Duomo, Alba, Italy

16 D.O.M., São Paulo, Brazil

17 Le Bernardin, New York, USA

18 Narisawa, Tokyo, Japan

19 Geranium, Copenhagen, Denmark

20 Pujol, Mexico City, Mexico

21 Alinea, Chicago, USA

22 Quintonil, Mexico City, Mexico

23 White Rabbit, Moscow, Russia

24 Amber, Hong Kong, China

25 Tickets, Barcelona, Spain

26 The Clove Club, London, UK

27 The Ledbury, London, UK

28 Nahm, Bangkok, Thailand

29 Le Calandre, Rubano, Italy

30 Arzak, San Sebastian, Spain

31 Alléno Paris au Pavillon Ledoyen, Paris, France

32 Attica, Melbourne, Australia

33 Astrid y Gastón, Lima, Peru

34 De Librije, Zwolle, Netherlands

35 Septime, Paris, France

36 Dinner By Heston Blumenthal, London, UK

37 Saison, San Francisco, USA

38 Azurmendi, Larrabetzu, Spain

39 Relae, Copenhagen, Denmark

40 Cosme, New York, USA

41 Ultraviolet by Paul Pairet, Shanghai, China

42 Boragó, Santiago, Chile

43 Reale, Castel Di Sangro, Italy

44 Brae, Birregurra, Australia

45 Den, Tokyo, Japan

46 L’Astrance, Paris, France

47 Vendôme, Bergisch Gladbach, Germany

48 Restaurant Tim Raue, Berlin, Germany

49 Tegui, Buenos Aires, Argentina