I suspect there's about 20 years of evolution between the Valoy that I have (~1936), and the Valoy II. That could answer why there's a difference in design. But, still there are the similarities between the two.
. . . and I agree. That Valoy II is perty. Mine, not so. I found my Valoy in an antiques store about five years ago. It sat there and about once a month I would visit and pass it by. Last month I asked the owner if he was ready to sell it, and he dropped the price on the spot. Bingo!