At the Paris Olympics, the Chinese delegation has won 7 gold medals. So, what are the medals of the Paris Olympics made of? What is the value?
The medals of the Paris Olympic and Paralympic Games were designed and produced by Chaumet Paris, the France jewelry brand owned by LVMH, and the design was inspired by the Eiffel Tower, and was conceived around three inspirations: hexagons, light and gem setting.
It is worth emphasizing that the medals of this Olympic Games are inlaid with original pieces of iron from the Eiffel Tower. According to the media, the Olympic Organizing Committee has prepared a total of 5,084 medals for the Paris Olympics and the Paris Paralympics.
"The medal at the Paris Olympics has become a veritable work of art, a jewel that brings together the splendor of Paris and the highest achievements of all those who have reached the podium during the Olympic and Paralympic Games. ”
However, Oxford Economics, after analysing the composition of the medals, concluded that the medals at the Paris Olympics were not of much value. The gold medal consists of 6 grams of gold and set with silver and is worth an estimated value of $1,027, a silver medal of $535, and a bronze medal of only $4.6. The institute said it did not take the Eiffel Tower iron into account when valuing the medals.
The institute also said that like the medals of previous Olympic Games, the intangible value of the medals at the Paris Olympics is higher, and the valuation will continue to rise over the next eight years, with valuations expected to rise by 10.6% by 2028 and 41.9% by 2032.