  The production of K$^{*}(892)^{0}$ and $\phi(1020)$ mesons in proton-proton
(pp) and lead-lead (Pb-Pb) collisions at $\sqrt{s_\mathrm{NN}} =$ 2.76 TeV has
been analyzed using a high luminosity data sample accumulated in 2011 with the
ALICE detector at the Large Hadron Collider (LHC). Transverse momentum
($p_{\mathrm{T}}$) spectra have been measured for K$^{*}(892)^{0}$ and
$\phi(1020)$ mesons via their hadronic decay channels for $p_{\mathrm{T}}$ up
to 20 GeV/$c$. The measurements in pp collisions have been compared to model
calculations and used to determine the nuclear modification factor and particle
ratios. The K$^{*}(892)^{0}$/K ratio exhibits significant reduction from pp to
central Pb-Pb collisions, consistent with the suppression of the
K$^{*}(892)^{0}$ yield at low $p_{\mathrm{T}}$ due to rescattering of its decay
products in the hadronic phase. In central Pb-Pb collisions the
$p_{\mathrm{T}}$ dependent $\phi(1020)/\pi$ and K$^{*}(892)^{0}$/$\pi$ ratios
show an enhancement over pp collisions for $p_{\mathrm{T}}$ $\sim$3 GeV/$c$,
consistent with previous observations of strong radial flow. At high
$p_{\mathrm{T}}$, particle ratios in Pb-Pb collisions are similar to those
measured in pp collisions. In central Pb-Pb collisions, the production of
K$^{*}(892)^{0}$ and $\phi(1020)$ mesons is suppressed for $p_{\mathrm{T}}> 8$
GeV/$c$. This suppression is similar to that of charged pions, kaons and
protons, indicating that the suppression does not depend on particle mass or
flavor in the light quark sector.
