The motif on the collar is not of a BAT but of a DRAGON, as of the two revered dragons Naaslaarum and Voslaarum (you'll notice the similarities to the motif if examined closely) that lived in the valley. It makes absolutely no sense for the ancient Snow Elves to have a bat motif & their favorite God is Auriel/Akatosh you know the father of dragons, the dragon himself.

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