Hard to say without seeing it. The Cote de Geneve I do believe is machine applied. The gold lettering might not be gold plating, but just a brass movement showing through, and they covered that area with a gel before rhodium plating the movement. I'm not sure. But overall, yes, does look like this version 2 costs a little less. The V2 platinum rotor looks bigger! Maybe there's a tiny bit more platinum in there? Possibly? And maybe V2 winds better.