RARE WATERMAN 42 WITH UNUSUAl 18 KR ITALIAN OVERLAY

This is a very peculiar and beautiful Waterman safety 42 with Italian rolled gold overlay produced by the Milan-based Cavaliere Company in the 1920's.
The overlay is in near mint condition and it is very elaborate and rich: it sports high relief flowers, filigree bands and a facetted section of the barrel.
There are no dings nor brassed areas and the pen is really shiny.
The nib is 14 ct Waterman nr. 2.