Posted to the Alexander Palace Time Machine Discussion Forum by KarlandZita on 5 December 2009; sepia tone removed by gogm.
The Queen's dress looks like the one she wore in her 1902 portrait, only the jewels appear to be different. I believe this photo was taken in 1902 and the card published after she became Queen.
Keywords: Victoria of Baden, Princess, Queen, Zähringen family, Bernadotte family, Swedish, straight coiffure, high enclosing neckline, long close sleeves, cuffs, blouson bodice, waist band, close skirt, choker necklace, necklace, brooch, fan