Here, Lady Jane is shown in a heavy damask gown adorned with silver thread and jewels. Though a heavy fabric, it is made almost "girly" and "fun" with its pink and cream swirls.
Aside: This is a portrait identified as that of Lady Jane Grey, the unfortunate "Nine Days Queen." However, the identity of the sitter is unknown.
I believe that it is Jane. It does bear a resemblance to Mary Tudor/Suffolk, Jane's Grandmother. This is, in fact, my favorite portrait of Jane. Unlike many Tudor portraits, I feel that the artist really captured Jane's features, making her appear "real" rather than romanticized, as many portraits are want to do.