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

F.P. Journe FFC prototype
AuctionsDec 10, 2025
Francis Ford Coppola’s Watch Sells for $10.8M

The filmmaker’s personal F.P. Journe “FFC” prototype was the star of Phillips’ recent record-setting watch auction in New York.

Rolex Miami store
WatchesDec 10, 2025
There’s A New Rolex Boutique in Miami

The new location in the Design District pays homage to Miami’s Art Deco heritage and its connection to the ocean.

Stock image of consumers shopping in the winter
SurveysDec 10, 2025
Consumer Confidence Drops in November

Inflations, tariffs, and politics—including the government shutdown—were among consumers’ top concerns last month.

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.

National Association of Jewelry Appraisers logo
SourcingDec 10, 2025
NAJA Announces Details for 2026 ‘Ace It’ Winter Conference

“Longtime favorite” presenters, as well as first-time speakers, will lead talks and workshops at the annual event in Tucson next year.

Weekly QuizDec 04, 2025
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Silas Smith and his Responsible Design Challenge Winning Pendant
Events & AwardsDec 10, 2025
MJSA Names 2025 Responsible Design Challenge Winner

Silas Smith of Meridian Metalworks won the challenge with his pendant that blends Australian and American landscapes.

Sothebys orangy pink The Desert Rose diamond
AuctionsDec 09, 2025
‘Desert Rose’ Diamond Sells for $8.8M in Abu Dhabi

The sale of the 31.68-carat, sunset-hued stone was part of Sotheby’s first series of events and auctions in Abu Dhabi.

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.

National Jeweler columnist and Smart Age Solutions CEO Emmanuel Raheb
ColumnistsDec 09, 2025
Holiday Sales Happen in December, Most Decisions Don’t

Most customers who walk into your store this month have made up their minds. Your job is to validate their choice, Emmanuel Raheb writes.

Guzema Once Upon a Time Collection Campaign
TrendsDec 09, 2025
‘Once Upon a Time,’ Guzema Debuted Its Holiday Collection

The collection features characters and motifs from Ukrainian folklore, including an enchanted mirror and a magic egg.

Gemvision by Stuller MatrixGold 3.11
TechnologyDec 09, 2025
Gemvision Releases Updated MatrixGold

MatrixGold 3.11, the newest version of the jewelry design program, offers more flexibility, precision, and creative control.

Sign at the JA New York jewelry trade show
Events & AwardsDec 09, 2025
MJSA Showcase Pavilion Returning to JA New York

The pavilion will be part of the 2026 JA New York Spring show, scheduled for March 15 to 17.

Juell Kadet, former executive vice president of Rogers & Hollands
MajorsDec 08, 2025
Juell Kadet, a ‘Lifelong Pillar’ of Rogers & Hollands, Dies at 96

Kadet, a 1994 National Jeweler Retailer Hall of Fame inductee, helped grow the family-owned retailer in the Chicago area and beyond.

Lumia 2 smart earrings
TechnologyDec 08, 2025
You’ve Heard of Smart Watches and Rings; Meet Smart Earrings

Billed as the world’s smallest wearable, Lumia Health’s new smart earrings have a health tracker subtly embedded in the back.

Lionheart Wildflower Double Cocktail Ring
TrendsDec 08, 2025
Amanda’s Style File: Celebrating December’s Birthstones

Don’t let those with December birthdays feel blue. Help them celebrate their month with blue zircon, turquoise, and tanzanite.

Robinson Pelham Tsar Star Earrings in Blaze
CollectionsDec 05, 2025
Piece of the Week: Robinson Pelham’s ‘Tsar Star’ Earrings

The new pink sapphire version of the piece dances with its wearer in the brand’s “Icons After Dark” holiday campaign.

Pantone 11-4201 Cloud Dancer
TrendsDec 05, 2025
Pantone’s Color of the Year for 2026 Is … White

A choice that’s generated a lot of commentary, Pantone says “Cloud Dancer” marks a fresh start and encourages relaxation and creativity.

Stuller holiday 2025
MajorsDec 05, 2025
Stuller Releases ‘Wrapped in Wonder’ Campaign

The manufacturer’s holiday campaign features a gift guide filled with trending designs and jewelry that can be personalized.

Fabergé x 007 Octopussy egg and pendant
CrimeDec 04, 2025
Man Arrested After Allegedly Swallowing Fabergé Egg Pendant

The man was charged with theft, accused of ingesting the necklace while in a jewelry store in Auckland, New Zealand.

Exterior of renovated and expanded J.R. Dunn Jewelers
IndependentsDec 04, 2025
Step Inside JR Dunn Jewelers’ Giant New Store

The Florida independent expanded its store from 8,000 to 14,000 square feet, fulfilling the vision of its late co-founder, Jim Dunn.

DD-Email-Image-1872x1052 (1).jpg
Supplier BulletinDec 04, 2025
Introducing Shop Natural Day: A New Movement Celebrating Natural Diamonds

Sponsored by De Beers Group

G-Shock DWN5600 Ring
WatchesDec 04, 2025
Casio Shrinks its G-Shock Watch

The classic 5600 series G-Shock has been scaled down to about a tenth of its size, becoming a fully functioning watch ring.

Accredited Gemologists Association logo
Events & AwardsDec 04, 2025
AGA Announces 2026 Tucson Speaker Lineup

The association’s annual conference and gala will take place Feb. 4, 2026, during the Tucson gem shows.

 CBG logo
Events & AwardsDec 04, 2025
CBG Announces Speaker Lineup for 2026 Miami Event

The January show will include a workshop for jewelry retailers on implementing AI to strengthen their businesses.

Miley Cyrus and Maxx Morando Engagement Ring
TrendsDec 03, 2025
Miley Cyrus Debuts Edgy Engagement Ring

Fellow musician Maxx Morando proposed to the star with a chunky, cushion-cut diamond ring designed by Jacquie Aiche.

Costco store
Policies & IssuesDec 03, 2025
Costco Joins Growing Wave of Retailers Suing for Tariff Refunds

The retailer, which sells billions in fine jewelry and watches, is suing the Trump administration and U.S. Customs and Border Patrol.

Shoppers in a mall
SurveysDec 03, 2025
A Record 202.9M Shoppers Turned Out Thanksgiving Weekend

Black Friday is still the most popular shopping day over the five-day holiday weekend, as per the National Retail Federation’s survey.

×

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