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 to those who receive the awards. The Order has five classes: The "collar" is gilded metal, consists of links bearing the Icelandic coat-of-arms and blue-enamelled discs bearing the white falcon. The "badge" consists of a gilt cross, enamelled in white, with a blue-enamelled central disc bearing the white falcon. The "star" is a silver, eight-pointed star. For the Grand Cross class it has the badge of the Order superimposed upon it. For the Grand Knight with Star class it has a blue-enamelled central disc bearing the white falcon. The "ribbon" is blue with white-red-white border stripes. It is worn on