Order of the Falcon the left shoulder. In summary: If a holder is promoted to a higher rank, the lower rank's insignia must be returned. The insignia is retained during the recipient's lifetime, but it must be returned to the Icelandic Government upon his or her death. Order of the Falcon The Order of the Falcon () is the only Order of Chivalry of Iceland, founded by King Christian X of Denmark and Iceland on 3 July 1921. The award is awarded for merit for Iceland and humanity and has five degrees. Nowadays, appointments are made on the nomination of the President of Iceland
Order of the Armed Arm Albret Skeel, to exchange the Armed Arm for the Elephant. There is also one specimen of the order, with the monogram of Christian V, which suggest that he considered reviving the order. Instead he created the order of the Dannebrog in 1671. The badge of the order was worn around the neck in a blue ribbon. It consisted of two chains hanging from a clasp; at the end of the chains were a diamond studded armour-plated arm, holding a drawn sword. Therefore, the order has also been called "Order of the Drawn Sword" or "Order of the Sword". It bears