Anyone heard of a Rallye Internationale "Isola d'Oro" ? What is this ?

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Chris Martin
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Joined: 2011-08-20

I have had this badge so long I can't even remember where it came from, but I have no idea what it represents. The rest of the text reads GRADO - 1 . 4 . IX . 1957 with crest for the AUTOMOBIL CLUB VON DEUTSCHLAND and the AUTOMOBILE CLUB CORIZIA (or possibly that is GORIZIA).

100mm diameter, quite heavy and nicely enameled, any clues why the starfish?

All leads gratefully received.

Chris M.