Editors

4 Cool Facts About The Olympics and Their Medals

EditorsAug 22, 2016

4 Cool Facts About The Olympics and Their Medals

In the spirit of the 2016 Olympic Games, which closed Sunday evening, Senior Editor and Olympics super-fan Brecken Branstrator shares some interesting tidbits.

I can trace my love for the Olympics back to a very specific start.

It was 1996 and the Magnificent Seven was heading to the Olympics in Atlanta.

At the same time, I was taking gymnastics. I basically thought I was Dominique Moceanu. I remember my parents buying me a brand new white crushed velvet leotard with rhinestones on it (because what’s a gymnastics outfit without some bling) and thinking, This is it. Here I am. I swear, it made me tumble harder and run faster at that vault.

During the 1996 Olympics, those seven gymnasts were shining.

And there was one special moment that always sticks out. Kerri Strug. The vault. An injured ankle. I know you know what I’m talking about. Seeing her stick that landing and then watching coach Béla Károlyi carry her to get her medal. Have you ever seen anything so inspiring? That year is when it all started happening for USA women’s gymnastics. 

Though I gave up the sport within just a couple of years to return to my first love, soccer, gymnastics continues to be my hands-down favorite sport to watch. And between the Final Five we had this year, our amazing swim team and so many other great athletes representing our country, athletics-wise, I thought it was a pretty great Olympics.

In the spirit of the closing of this year’s games, which officially happened last night, here are some interesting facts about the Games and their medals. 


The medals of the 2016 Games in Rio. (Image courtesy Rio 2016/Alex Ferro)
The medals of the 2016 Games in Rio. (Image courtesy Rio 2016/Alex Ferro)


1. One of our own designed the medals. With the 2004 Olympic Games returning to their starting place, the Committee decided there should be a redesign of the medals, marking the first time they had seen any significant change since 1928.

Organizers asked designers to submit designs that included two specific Greek elements: a depiction of Nike, the goddess of victory, and the Panathinaikos, the stadium in Athens where the first modern Olympics were held in 1896.

The winning design was by none other than Greek jewelry designer Elena Votsi. Her medal featured a winged Nike in the Panathinaikos stadium with the Acropolis in the background.

(Check out The Adventurine’s recent Q&A with Votsi about the medals. It’s a great read.)

On the back of that first medal was Greek writing, the Olympic flame and the Athens 2004 logo. Now, each host city puts their own design on the reverse side.

 
2. This year, the U.S. was dominant in its lust for gold. What a great year for the U.S. Olympic athletes. Records were being set everywhere, and it helped the U.S. end up on top, with 121 total medals, almost double the figure for second place China, which ended up with 70.

The U.S.’s breakdown also led them to the most of each individual medal--46 golds, 37 silvers and 38 bronze medals.

3. The whole “bite the medal” thing actually started for a valid reason. And no, it’s not because they’re seeing if it’s made of chocolate (just me?). Historically, the athletes were biting down on their medals to ensure that they were made of real gold and not pyrite.

Today, they’re plated with just six grams of gold. The remaining is comprised of 92.5 percent silver and 6.16 percent copper. The World Gold Council estimated in late July that the gold medal’s “podium value” was about $700, based on metal prices at the time.

(Interestingly, the World Gold Council estimated that if the medals at the 2012 London Olympic Games had been made out of solid gold, the cost would have reached nearly $40 million.)

The last Olympic Games in which medals were made of solid gold was in 1912.

The gold medals now also meet sustainability criteria from extraction to refining, and meet strict environmental and labor laws, the WGD reports. For the silver and bronze medals, meanwhile, approximately 30 percent of the material used is recycled.

This year, the medals used for the Paralympic games have a cool innovation--they have a small device that makes a noise when the medal is shaken to allow visually impaired athletes to know which medal they have.



Image courtesy of SCP Auctions
Image courtesy of SCP Auctions


4. Many Olympic gold medals are worth more than their weight, and some have proved it. The highest price ever paid for an Olympic gold medal was that won by Jesse Owens in the 1936 Olympics, according to ESPN. Pittsburgh Penguins co-owner Ron Burkle purchased it for nearly $1.5 million in 2013. 

Owens was, of course, known at that particular Olympics games for winning four gold medals in Germany, where Hitler was serving as host. 

The price Burkle paid for this particular gold shattered the previous record for highest price ever paid for a piece of Olympic memorabilia, which was $865,000, set in April 2013, when a buyer paid that amount for a silver cup from the winner of the first modern-day Olympic marathon in 1896.

Owen’s medal also went for five times the previous highest price paid for an Olympic gold medal won by the U.S. team--Mark Wells’ gold from the 1980 ice hockey team sold for $310,700 about six years ago. 
Brecken Branstratoris the senior editor, gemstones at National Jeweler, covering sourcing, pricing and other developments in the colored stone sector.

The Latest

Linda Coutu
MajorsJan 06, 2026
LeachGarner Appoints New Director of Sales

Linda Coutu is rejoining the precious metals provider as its director of sales.

Zales storefront
MajorsJan 06, 2026
Zales Tests Out A New Look

The Signet Jewelers-owned store, which turned 100 last year, calls its new concept stores “The Edit.”

Rio Grande xTool F2 Ultra Portable Laser Engraver Bundle
MajorsJan 06, 2026
Rio Grande Says These Are the Top Personalization Tools for 2026

The supplier has a curated list of must-have tools for jewelers doing in-house custom work this year.

Recipients Collage 2025 - NJ (1872 x 1050 px) (1872 x 1052 px).png
Brought to you by
Impacting Tomorrow Today

How Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.

Police cars with lights on
CrimeJan 06, 2026
2 Jewelers Arrested After TraxNYC Diamond District Brawl

Footage of a fight breaking out in the NYC Diamond District was viewed millions of times on Instagram and Facebook.

Weekly QuizDec 23, 2025
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
AGA board 2026-2029
SourcingJan 06, 2026
AGA Announces 2026 Board

The governing board welcomed two new members, Claire Scragg and Susan Eisen.

Jenna Blake diamond Fan earrings
TrendsJan 05, 2026
Amanda’s Style File: New Year’s Edition

Sparkle with festive diamond jewelry as we celebrate the beginning of 2026.

roseco-catalog.png
Brought to you by
Roseco Releases New Full-Line Catalog

Roseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.

Ben Nighthorse Campbell
IndependentsJan 05, 2026
Jeweler Ben Nighthorse Campbell Dies at 92

The master jeweler, Olympian, former senator, and Korean War veteran founded the brand Nighthorse Jewelry.

Jacquie Aiche Alien Heart Eye Inlay Necklace, Cicada Dragonfly Brooch, Harkness After the Rain Earrings
TrendsJan 05, 2026
Pinterest 2026 Trend Report: Brooches, Bold Gold, Cool Blue

In its annual report, Pinterest noted an increase in searches for brooches, heirloom jewelry, and ‘80s luxury.

Saks Fifth Avenue flagship window installation
MajorsJan 02, 2026
Marc Metrick Out as CEO of Saks Global

Executive Chairman Richard Baker will take over the role as rumors swirl that a bankruptcy filing is imminent for the troubled retailer.

Couture Retailer Liaison Jan Mohr
Events & AwardsJan 02, 2026
Jan Mohr, Couture’s ‘North Star,’ Dies at 71

Mohr had just retired in June after more than two decades as Couture’s retailer liaison.

Shekhar Shah Real Gems
SourcingJan 02, 2026
IDCA Elects New President, Board of Directors

Shekhar Shah of Real Gems Inc. will serve as president of the Indian Diamond & Colorstone Association in 2026.

Lalaounis good luck charm 2026
CollectionsJan 02, 2026
Lalaounis’ 2026 Good Luck Charm Speaks to Resilience

This year’s good luck charm features the mythical horse Pegasus, and is our first Piece of the Week of the new year.

Becka Johnson Kibby
MajorsDec 30, 2025
Becka Johnson Kibby to Lead Edge Retail Academy

As part of the leadership transition, Sherry Smith will take on the role of vice president of coaching strategy and development.

Stock image of rough diamonds from Diavik mine in Canada
SourcingDec 30, 2025
India Chosen as KP Chair for 2026

It marks the third time the country has headed the Kimberley Process. Ghana will serve as vice chair.

Bulova x Stetson collection
WatchesDec 30, 2025
Bulova, Stetson Collab on Watches With Western Flair

The new Bulova x Stetson designs highlight two animals often associated with the American West—the bison and the Texas Longhorn.

Rahaminov Diamonds Pop-Up at Yamron Jeweler
CollectionsDec 30, 2025
Rahaminov Diamonds Pops Up in Florida

Its residency at Yamron Jewelers will run through May 2026.

In Memoriam collage 2025
IndependentsDec 29, 2025
In Memoriam: Industry Friends We Lost in 2025

From influential executives to innovative designers, we pay tribute to the people we said goodbye to this year.

Tanishq Orlando store exterior
MajorsDec 29, 2025
Tanishq Opens New Stores in Florida, Virginia

The retailer is expanding into areas with large Indian and South Asian populations.

Nanis Madonna di Campiglio Flagship
MajorsDec 29, 2025
Nanis Opens First Flagship Store

The Italian brand has opened its first flagship amid the peaks of the Dolomites in Madonna di Campiglio, Italy.

Amethyst Geodes Unearthed: Raw Beauty
SourcingDec 29, 2025
‘Unearthed: Raw Beauty’ Exhibition Opens at LA Museum

The new curation at the Natural History Museum of Los Angeles County showcases rare gem and mineral specimens in their uncut, natural state.

Stock image of gavel
CrimeDec 24, 2025
LA Jewelry District Couple Pleads Guilty to Hiding Millions from IRS

The couple pleaded guilty to concealing at least $127 million in cash transactions at its precious metals businesses.

People shopping in winter clothes
SurveysDec 24, 2025
Consumer Confidence Falls Again in December

Consumers shared concerns about prices, inflation, tariffs, trade, and politics in the survey’s write-in response section.

Bonhams US headquarters
AuctionsDec 24, 2025
Bonhams to Open New U.S. Flagship in NYC

In February 2026, the auction house will move its headquarters to the former Steinway Hall, a neoclassical landmark on Billionaires’ Row.

Hana Kaneko rings
Events & AwardsDec 24, 2025
NYC Jewelry, Antique, & Object Show Announces Winter Event

The new show will take place Jan. 23-25, 2026.

Brian Patrick Gilbertson
SourcingDec 23, 2025
Mining Titan Brian Gilbertson Dies at 82

The former BHP Billiton leader and Gemfields chairman is remembered for his influential leadership throughout his 50-year mining career.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy