The order has one rank and grade, i.e.
Knight. The full Italian title is ''Cavaliere dell'Ordine Supremo della Santissima Annunziata''. The order has two sets of insignia, the Small Collar (
Piccola Collana) and the Grand Collar (
Grande Collana). The two hold similar designs, though the
Grande Collana has some different features than the Small Collar and is worn only on the most special of occasions. The Grand Collar consists of fourteen ornate sections, each of which is made up of the letters
FERT in gold, intertwined with a white and red enamelled
Savoyan knot. The sections are interlinked with fourteen roses, alternately enamelled red and white. The roses represent the mysteries in the life of the Blessed Virgin Mary. The knots surrounding the medallion of the collar is enamelled white, red, and blue. Pending from one of the fourteen sections is the medallion, which portrays an enamelled depiction of the
Annunciation of the
Virgin Mary by the
Archangel Gabriel. The medallion is surrounded by three intertwined Savoyan knots, decorated with small crosses fleury, and in the upper centre, between two of the Savoyan knots, a cluster of rays with a dove, representing the Holy Spirit, is depicted also in gold. The Small Collar is similar to the Large Collar, although of reduced size and with additional differences. The collar is made up of fifteen, rather than fourteen sections, and they are not separated by enamelled rose. The whole collar and medallion are solid gold, rather than with colored enamel like the Large Collar. The medallion pends from the interactions of two of the fourteen sections, rather than pending from the middle of as in the Large Collar. ==Grand Magisterium==