This shows Anne Stafford, one of Henry VIII's few extramarital affairs, wearing remarkably casual dress that includes, possibly, a natural, instead of a vee, waistline. Her Wikipedia article is here.
I fixed the left edge and the left side of the upper edge with Photoshop and also removed spots throughout the image, but not the cracks on her face when I re-posted the image on 17 January 2015. The image probably came from Wikipedia.
Anne Stafford's dress is remarkably casual for a portrait. She appears to wear a natural, instead of, a pointed vee waistline. Pins can be seen holding and arranging the drapery of her cap. She may also be wearing a coral pendant chain.
Keywords: 1535, Benson, Anne Stafford, Countess of Huntingdon, Stafford family, Hastings family, English, Countess, mistress, Henry VIII, straight coiffure, cap, veil, partlet, scoop neckline, bodice, crescent neckline, elbow length fur over-sleeves, long under-sleeves, slashed sleeves, waist band, natural waistline, bows, jeweled pendant chain