The 61-year-old has been in management for 25 years, taking over the Real Madrid B side before progressing to the senior team and then onto the Spanish national side.
He has since added the World Cup and European Championship to his trophy cabinet as Roja boss and he could not hide his delight at seeing his achievements recognised.
"It makes me very proud, it is an honour for me," he told AS.
"Football has given me everything. When I was 16 I arrived in Madrid as a provincial kid, with the dream of becoming a footballer. Now, at 61 years old, I can say my wishes were fulfilled, thanks to being lucky enough to belong to two fine institutions in Real Madrid and the Spanish Football Federation."
When asked which of his successes he looks upon as his finest, Del Bosque revealed a surprising choice.
"All those trophies have been important, but the period I cherish the most is the 16 years I spent with the Real Madrid youth team," he added.
"I can truly say it was a marvelous time, it was unforgettable. We did not care about money or making a name for ourselves, we were only interested in bringing up players and people. Real Madrid was our life. I think we did an impeccable job."