According to Raetta Parker, dark red is associated with vigor, willpower, rage, anger, leadership, courage, longing, malice, and wrath. Light yellow is associated with intellect, freshness, and joy. Dark blue represents knowledge, power, integrity, and seriousness.
According to “heraldry and crests”:, a crown is an emblem of victory, sovereignty, and empire. It is a visible sign of success, thus the term “crowning achievement,” and its significance as the decoration of the ultimate level of rank and power, makes bearing the crown a great honor. Crowns are also sometimes symbols of God, as He is considered by some to be the “King of all.”
The fleur de lis represents a stylized form of the lily. It is the floral badge of France and is known as the “flower of light.” It may represent one who fought for France – or against France. It also became an emblem of political power in France. The fleur de lis represents the Virgin Mary. In Ireland the fleur-de-lis often has a Christian significance. It may also represent the sixth son.
The eagle symbolizes a man of action, occupied with high and weighty affairs. It was given to those of lofty spirit, ingenuity, quick wit, speedy in apprehension and judicious in matters of ambiguity. The wings signify protection, and the gripping talons symbolize ruin to evildoers. The eagle is believed to represent a noble nature, strength & bravery. The eagle is also associated with the sun. As a Christian symbol, the eagle represents salvation, redemption and resurrection.
Since it is made cheaply, it is probably a bit of costume jewelry to be used when someone gets dressed up as a king or something like that, perhaps on halloween or New Year’s Eve.