Cloth Seal, Italian, Florence, Fleur-de-lis

Cloth Seal, Italian, Florence, Fleur-de-lis, Image & Found by Rikard Berg Larsen.
Found in Nordland, North Norway, ?mm.

Fleur-de-lis, F I R E N Z around // unclear (trailing pennant at top?)

The Lombardic script is not certain but the fleur-de-lis or giglio is an excellent match for the coat of arms of Florence.

Here is some background to the textile industry of Italy and Florence - The Rise, Expansion, and Decline of the Italian Cloth Industries, 1100 - 1730: a study in conjoncture, transaction costs, and comparative advantage - John H. Munro.