Yes it is the same model but slightly different as well.
And from my understanding, the RED version incorporated antimagnetic components (silicon type) whereas the gold version did not. I remember JLC saying that they could not guarantee consistent time keeping with the silicon parts so did not incorporate them in the gold version.
So when they made the BLUE version, they also did not include the antimagnetic (silicon) parts essentially making the RED version effectively different than the BLUE 🤷♂️