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

Rendering of renovated Orloff Jewelers store
IndependentsSep 04, 2026
Orloff Jewelers Will Soon Unveil a Bigger, Better Location

The California jeweler is renovating its store in Fresno, with plans to show off the new space in December.

Chelsea Gabrielle Momentum Infinite Ring
CollectionsSep 04, 2026
Chelsea Gabrielle Transforms Pilates Reformer Springs Into Ring

A lifelong practitioner of Pilates, Gabrielle looked to the springs’ tension and suspension when creating this ring, our Piece of the Week.

JCK Industry Fund logo
Events & AwardsSep 04, 2026
JCK Industry Fund Accepting 2027 Applications

The deadline to apply is Nov. 13.

Cover.jpg
Brought to you by
Your Piece Could Be the One Editors Talk About

Submit your pieces for a chance to win in this year's competition.

Remi Guillemin
AuctionsSep 04, 2026
Christie's Names New Global Head of Watches

The auction house has promoted Remi Guillemin, formerly its head of watches for the Americas and EMEA, to the role.

Weekly QuizSep 03, 2026
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Jewelers of America logo
Events & AwardsSep 03, 2026
Here Are the First Recipients of Nina Pugliese Memorial Scholarship

Jewelers of America also revealed the recipients of the Seymour & Evelyn Holtzman Bench Scholarship and its own scholarship programs.

Robert Pattinson Jaeger-LeCoultre
WatchesSep 03, 2026
Robert Pattinson Joins Jaeger-LeCoultre as Brand Ambassador

The British actor, known for his roles in “Twilight” and “The Odyssey,” will star in a campaign for the Master Control Chronometre.

1872-x-1052-July-ad (1).png
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying Events

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

Sydney Evan Little Love Open Coin Fixed Necklace
CollectionsSep 03, 2026
Sydney Evan Celebrates 25 Years With 4 New Collections

The “Confetti Disco,” “Champagne Cheers,” “Tuxedo,” and “Classic Punk” jewelry collections each capture a distinct spirit of celebration.

Stock image of a gavel
CrimeSep 02, 2026
CA Jeweler Gets 5 Years in ‘Phantom Rolex’ Ponzi Scheme

Nelson Holdo of Newport Beach pleaded guilty to multiple counts of felony grand theft and writing bad checks and was sentenced Monday.

Sandy Lerner’s 18-karat gold and diamond cat brooch
AuctionsSep 02, 2026
If You Love Cats, This Jewelry Auction Is for You

Cat ladies of the jewelry world, unite. Sandy Lerner’s “significant” collection of cat jewelry and other objects is going up for auction.

Arnaud Michon
MajorsSep 02, 2026
Messika Names Former Omega Exec as New President, CEO of Americas

Arnaud Michon, the former Omega USA President, will now lead Messika’s Americas region during its international development.

Glitter in the Grove Logo
Events & AwardsSep 02, 2026
Emerald’s New Owner Introduces ‘Glitter in the Grove’

The branding references the back-to-back jewelry shows that new parent company Forge will host in Miami's Coconut Grove this November.

Stainless steel Patek Philippe Calatrava watch
AuctionsSep 01, 2026
UK Woman Uncovers Rare Patek Philippe Watch in Mom’s Jewelry Box

The stainless steel Patek Philippe “Calatrava” watch from the 1930s sold for nearly $80,000 at a recent Hansons Cornwall auction.

Smart Age Solutions founder and CEO Emmanuel Raheb
ColumnistsSep 01, 2026
Your Jewelry Marketing Has a Bridal Problem

Engagement rings are important but don’t ignore the customers who are buying jewelry “just because,” Emmanuel Raheb writes.

Charlotte Fournet and Krizia Cucurachi
MajorsSep 01, 2026
Kering Names New Pomellato, DoDo CEOs

Former Pomellato CEO Sabina Belli has been named president of Kering Italia amid a shakeup of Kering's new Jewelry division.

Anne Marie Shulman
MajorsSep 01, 2026
Anne Marie Shulman Joins GPA Global

The veteran luxury packaging executive was appointed to help the company grow its North American business.

Photo of one of the suspects in theft of Queen Nazli’s necklace from MAK museum
CrimeAug 31, 2026
$4M Van Cleef & Arpels Diamond Necklace Snatched From Vienna Museum

Once the property of an Egyptian queen, the necklace was part of a larger exhibition of VCA jewelry at the Museum of Applied Arts (MAK).

Ethiopian paraiba tourmaline
GradingAug 31, 2026
GIA, Gübelin Gem Lab Confirm New Paraíba Tourmaline Deposit in Ethiopia

The labs’ separate investigations each determined that the East African country is producing copper-bearing tourmaline.

Levinger & Bissenger silver floral pendant
Events & AwardsAug 31, 2026
Wisconsin Museum to Host Jewelry Exhibition

“Chicago Collects: Jewelry in Perspective” at the Oshkosh Public Museum will feature works by Fabergé, Lalique, and Louis Comfort Tiffany.

Catbird First Men’s Collection Worn Well
CollectionsAug 31, 2026
Catbird Launches First Men’s Jewelry Collection

The “Worn Well” collection is Catbird's take on classic men's jewelry.

Buddha Mama Butterfly Necklace
CollectionsAug 28, 2026
Dolly Parton Would Have Loved This Butterfly Necklace

This Buddha Mama butterfly is our Piece of the Week honoring the legend, who embraced the beautiful insect as her symbol.

Gareth Penny
SourcingAug 28, 2026
Gareth Penny to Give Opening Speech at CIBJO Centenary Congress

The former De Beers CEO, and perhaps its next owner, will be a featured speaker at the event, slated for Sept. 4-7 in Italy.

Day’s Jewelers store in Salem New Hampshire
IndependentsAug 28, 2026
Day’s Jewelers Honored With 3 Workplace Awards

The employee-owned jeweler was named a “Best Place to Work” in Maine, New Hampshire, and for women.

Alex Consani in Pandora Talisman campaign
CollectionsAug 27, 2026
Pandora Expands ‘Talisman’ Collection as Lawsuit Continues

The second iteration of the jewelry collection was inspired by the zodiac and the four elements: earth, water, air and fire.

Stock image of loose polished diamonds
SourcingAug 27, 2026
OFAC Renews License Allowing Import of ‘Grandfathered’ Russian Diamonds

General License 104B supersedes General License 104A, which was set to expire on Sept. 1.

Counterfeit Cartier Love bracelet
CrimeAug 27, 2026
Customs Seizes Nearly 900 Pieces of Counterfeit Jewelry

The package, intercepted in Indianapolis, contained fake Cartier, Tiffany & Co., and Van Cleef and Arpels jewelry.

×

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