A French Indochina Second War Period Paratrooper's Badge

Period made in silvered bronze with red, white and black paint, unmarked, illustrating a dragon overlying a parachute, 47 mm x 56.3 mm, with a 10.5 mm x 11 mm silvered bronze and green enamelled six-pointed star inscribed "54" suspended from the badge, minor chipping evident in the red and green paint, near extremely fine.