International Olympic Committee Coordination Commission Chairman Jean-Claude Killy, gave the medals, distinctive because of their donut-like shape, to Valentino Castellani, president of the Turin organizing committee.
"The medals represent the values of Olympism: friendship, honor and excellence in the respect for one's opponent. This particular design ideally recalls the spirit of loyalty that lodges in the heart of all true sportsmen," Killy said.
The torus shape of the medals is meant to represent an Italian piazza, the IOC said in a release. The award's ribbon will be wrapped through the hole in the medal, rather than sewn to the top.
The IOC said the front of the medals feature "graphic elements of the Games" while the back shows a pictogram of the event for which the award is given.