Whilst I do not know just when these type insignia were made, they are what is known as Bevo, or woven; made of Rayon.
I am not aware of any Italian made insignia of this type, and the Dutch "Brabant" weave was very different from the examples shown here.
If I am not mistaken, I believe this style of insignia was also produced in the UK, but again, I do know when.
CB
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