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[Koen G]

Interesting, Marco, at the very least this seems to confirm that we are likely looking at a charm for the part with the crosses. 

This makes me think about the possible role of Greek on this page. 
The "maria portavid ihesum christum" line reminded me of the Greek-speaking world where she is called the Theotokos, the God-carrier. Obviously Mary as the mother of God is an essential part of Christian doctrine in general, but in Greek, '"to carry" is a part of her primary title, while in Latin other titles are preferred, like Mater Dei. 
(Apparently the Latin equivalent of Theotokos is Deipara, Dei genitrix - two terms I was not familiar with).

See the wiki here for early titles of Mary: You are not allowed to view links. Register or Login to view.

The mysterious "anchiton" is usually associated with Greek, through a derivation of chiton or something like archon . But I noticed the word before "maria" in the VM could be Greek as well. Apparently this was addressed before in this thread, though it didn't gain much traction.

I remember one interpretation, but not sure by whom, where 'ahia' was considered to mean (h)agia i.e. Greek for holy or saint. What I don't remember is whether use of ahia in this sense was attested elsewhere. That is of course important.

Greek for "Holy Mary" is, according to the wiki list linked above Ἁγία Μαρία. This is so close to the VM's "ahia maria" that I'm starting to wonder why it is not yet generally accepted as the most likely reading.