This is a row of spheres lined up so the camera is looking down the row. The refraction index of transparent textures having colored specularity is then animated to produce this movie. 8.1MB
MV's Cinema 4D Page
Here is the above movie rendered as a displacement map on a subdivided disc: 4.9MB
Here the above disc is mirrored so the mountains go both up and down, and then they are duplicated 30 times and rotated to form this sphere: 8.2MB
Here is an older version of the movie. 2.2MB which matches the screenshot below
Here is an another more organic version of the movie. 1.9MB which matches the screenshot below