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 Dannebrog with straight rays with an enamelled Dannebrog cross (similar to the front of the badge but without the royal cypher above and the royal crowns between the arms of the cross) at the centre. The "breast cross" of the Order is similar to the cross on the "star" but larger and with faceted silver instead of white enamel and without the silver rays of the "star". The "ribbon" of the Order is white silk moiré with red borders, the national colours of Denmark. The Order originally had a distinctive habit worn by the knights (after 1808, by the Knights Grand