This is the 17497th most frequent Russian word.
торжество
A celebration or solemn event.
In this sentence, 'торжество' refers to a celebration or festivity.
Вчера мы отпраздновали торжество в честь годовщины свадьбы.
Yesterday we celebrated a festivity in honor of a wedding anniversary.
Here, 'торжество' is used metaphorically to mean a triumph or realization.
Торжество справедливости восторжествовало благодаря новым законам.
The triumph of justice prevailed due to the new laws.
In this usage, 'торжество' signifies a ceremonial occasion or a solemn event.