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 Falcon (Czechoslovakia) borders, surmounted by four gilt falcons in flight. The reverse of the convex center disc is charged with the monogram "ČS" in blue with gilt borders, surmounting the date "1918" in gilt and surrounded on either side by a branch of gilt laurel leaves. "Suspension device". The badge for civilian awards is suspended from a circlet formed from gilt laurel leaves, whilst gilt crossed swords are added to the suspension device for military awards. "Ribbon". The badge of the order is suspended from a red moire silk ribbon divided by a central narrow white stripe, with a thin white stripe