This image is probably based on a European engraving following a popular oval format. While the lady wears Elizabethan costume, the large-scale figure, pursed lips, decoratively placed hair jewels, and abbreviated ruff indicate that this was likely made in the eighteenth century, probably at Lucknow where a Europeanizing styles was in vogue.
[ Art market, England, ca. 1965]; Howard Hodgkin (British), London (ca. 1985); [ Terence McInerney Fine Arts Ltd., New York, until 2012; sold to MMA]