China holds handover ceremony for Olympic medals

The Beijing Olympic medals were handed over in a ceremony near Tiananmen Square on Thursday. They are the Olympic medals to be designed by the winners of a public competition. They are the first to incorporate a distinctive inlay of jade, which in China represents beauty, nobility, perfection, power and immortality. The 6,000 medals for August's Olympic's were supplied by the Australian mining company BHP Billiton, who sponsored the medals.