śriyaṁ kaustubha-kandharam

vinyasta-having been placed; carana-ambhojam-lotus feet; amsa-dese-on the shoulders; garutmatah-of Garuda; drstva-having seen; khe-in the air; avasthitam-standing; vaksah-on His chest; sriyam-auspicious mark; kaustubha-the Kaustubha gem; kandharam-neck.