Page 18 - Eric C. Fry - Knots and Ropework

7 This is a purely decorative knot and would be used to form the
eye of-a lanyard or perhaps the commencement of a bell rope .
It is a natural progression from the second type of Carrick bend,
Diamond made in the centre of a line with a small bight, which eventually
forms the eye.
Knot The two ends are 'followed around' and brought up through the
centre of the original Carrick bend, after which the knot is worked
towards the eye and all parts are drawn tight. See also
Knot 54.