Looks like your image didn't load properly @Laura ! You might have to upload it again.
Maybe this time?
What does the reverse look like?
Looks lovely. I don't believe it is an official badge. I would bet it's an 1896 coronation badge likely worn by a civilian attendee. Perhaps someone here can give you some information on value!
It looks like a composite badge - the crown suspension looks like the British crown rather than the distinctive Russian Imperial crown (which is just above the eagles' heads).
dwi, I think you are right! How strange is that?
Probably, it was the coronation of Nicholas II of Russia in 1894, is that possible?