Third Period (1873-1941). Badge: in silver gilt with red, white and green enamels, marked "40/2" on the reverse of the crown suspension, measuring 44.5 mm (w) x 74.5 mm (h) inclusive of its crown suspension, light crazing evident in the trunk on the elephant, otherwise the enamels are intact, on its original folded and bow-tied ribbon with pinback; and Breast Star: insignia in silver gilt with red, white and green enamels, along with a crown in silver gilt, mounted to a sixteen-pointed star base, marked with a horse and "29" on the reverse, measuring 63.8 mm (w) x 63.3 mm (h), vertical pinback, light crazing evident in the trunk on the elephant, otherwise the enamels are intact. Near extremely fine.
Footnote: The Most Exalted Order of the White Elephant is the most awarded order of Thailand. It was established in 1861 by King Rama IV of the Kingdom of Siam.

