From royaland.tumblr.com/post/80007286792/marguerita-queen-of-italy-source. Also posted to Margherita di Savoia’s Subalbum here.
Margherita wears about a dozen pearl necklaces and two diamond necklaces, and two tiaras, in this photo. She is probably wearing a snake bracelet.
Keywords: Margherita of Savoia, Regina Margherita, Queen Margherita, Princess, Queen, Savoia family, Italian, wavy coiffure, bangs, earrings, choker necklace, necklace, off shoulder vee neckline, cap sleeves, bracelets, wrap