What would a knight win in a jousting competition?

Jousting tournaments were at there peak from the twelth to the sixteenth century. Tournaments were quite a profitable to the competitors with the spoils of victory ranging from animals, cloths and of course the gems and jewels. One example sites the prize as being a golden clasp decorated with diamonds and rubies. The ability to host such an oppulent event was one reason jousting is considered the sport of kings.