The Olympic symbols are icons, flags and symbols used by the International Olympic Committee to elevate the Olympic Games. Some – such as the flame, fanfare, and theme – are even more common during Olympic competition, but others, such as the flag, can be seen throughout the year.
The rings are composed of five interlocking rings, colored blue, yellow, black, green, and red on a white field, known as the “Olympic rings”. The rings represent 5 world continents, Africa, Asia, America, Europe and Oceania.
The symbol was originally designed in 1912 by Baron Pierre de Coubertin, co-founder of the modern Olympic Games. According to Coubertin, the ring colors with the white background stand for those colors that appeared on all the national flags that competed in the Olympic Games at that time. Upon its initial introduction, Coubertin stated the following in the August 1912 edition of Olympique.
… the six colors [including the flag’s white background] combined in this way reproduce the colors of every country without exception. The blue and yellow of Sweden, the blue and white of Greece, the tri-colors of France and Serbia, United Kingdom of Great Britain and Northern Ireland, America, Germany, Belgium, Italy, and Hungary, and the yellow and red of Spain, are placed together with the innovations of Brazil or Australia, with old Japan, and with new China. Here is truly an international symbol.
The 1914 Congress was suspended due to the outbreak of World War I, but the symbol and flag were later adopted. They would first officially debut at the Games of the VII Olympiad in Antwerp, Belgium in 1920.
The symbol’s popularity and widespread use began during the lead-up to the 1936 Summer Olympics in Berlin. Carl Diem, president of the Organizing Committee of the 1936 Summer Olympics, wanted to hold a torchbearers’ ceremony in the stadium at Delphi, site of the famous oracle, where the Pythian Games were also held.
For this reason he ordered construction of a milestone with the Olympic rings carved in the sides, and that a torchbearer should carry the flame along with an escort of three others from there to Berlin. The ceremony was celebrated but the stone was never removed.
The current view of the International Olympic Committee (IOC) is that the symbol “reinforces the idea” that the Olympic Movement is international and welcomes all countries of the world to join. As can be read in the Olympic Charter, the Olympic symbol represents the union of the “five continents” of the world and the meeting of athletes from throughout the world at the Olympic Games.
However, no continent is represented by any specific ring. Prior to 1951, the official handbook stated that each color corresponded to a particular continent: blue for Europe, yellow for Asia, black for Africa, green for Australia and Oceania and red for the Americas; this was removed because there was no evidence that Coubertin had intended it (the quotation above was probably an afterthought).
Nevertherless, the logo of the Association of National Olympic Committees places the logo of each of its five continental associations inside the ring of the corresponding color.
THE TORCH
The modern tradition of moving the Olympic Flame via a relay system from Greece to the Olympic venue began with the Berlin Games in 1936. Months before the Games are held, the Olympic Flame is lit on a torch, with the rays of the Sun concentrated by a parabolic reflector, at the site of the Ancient Olympics in Olympia, Greece.
The torch is then taken out of Greece, most often to be taken around the country or continent where the Games are held. The Olympic torch is carried by athletes, leaders, celebrities, and ordinary people alike, and at times in unusual conditions, such as being electronically transmitted via satellite for Montreal 1976, submerged underwater without being extinguished for Sydney 2000, or in space and at the North Pole for Sochi 2014.
On the final day of the torch relay, the day of the Opening Ceremony, the Flame reaches the main stadium and is used to light a cauldron situated in a prominent part of the venue to signify the beginning of the Games.
Source: Wikipedia