Yes depends on what jewelry you wear, but i prefer the second one more. I personally don't like the contrast of gold and black, too attention seeking for me. I prefer the more subtle items. Either way, both are very nice!
My San Marco clutch which is considered a form of Knot. I love it because it looks like a little piece of art and it holds quite a bit. I'd say at least twice as much as the traditional Knot holds.