Princess Margaret had both and the Queen Mother. At times Princess Margaret wore the neck chain (for men) and other times the badge for women.
The Royal Victorian Chain is separate and yet another, for men and women.
From Vickers "The Royal Victorian Chain is a rare and special honour in the gift of the Sovereign. It is sparingly given."
Foreign royals have often received it.
--Previous Message-- : Isn't the Victorian Chain considered a : separate item from the Victorian Order, and : not a variation or level of the VO? : Princess Margaret had both, if I recall. :