This amazingly flattering portrait probably comes from decades or even centuries after her life. The jeweled ornament hanging on her left would be extremely heavy, her curls were typically very small, and her almost baggy sleeves do not resemble Renaissance sleeves seen elsewhere on this Site.
From lefleurdelystoo.blogspot.com/2010/06/elizabeth-i-of-england.html; Removed spots, mostly from background, with Photoshop. Also posted to her Subalbum here.
The neckline is hidden by the ruff and ehat little that can be seen could be part of a scoop neckline.
Keywords: 1595, Queen Elizabeth, The Virgin Queen, Gloriana, Good Queen Bess, Tudor family, Queen, English, curly coiffure, jeweled feathered cap, hair jewelry, earrings, lace ruff, necklace, jeweled bodice, jeweled tabbed elbow length full sleeves, contrasting cuffs