They both look real... the second photo with the box looks better, I don't know if it's the photography lighting or the Tiffany & Co blue box is adding flavor, but if I had to choose for the newness and shine and photo, I would go for the second one. I am sure the second one cost more. Mine is 18k yellow gold and it says 'Tiffany & Co AU750 Germany. I purchase it from the Tiffany & Co Flagship location on Fifth Ave, NYC for $5,550 plus tax when it came out over 5 years ago or so at the Launch Party at the private invite for the T Collection. I am proud to say that I was the very first man to purchase this item for himself to wear. Make sure your source is a reputable one and they have a return policy for your money back when you authenticate it from Tiffany & Co. I want you to have this and for you to have an authentic one... it's a game changer and will look great on you. I still get rave reviews because I wear it every day... and so will you.
"J!m"