That looks to me that it's been crudely handpainted onto a clear Spiderweb base (Chance always
sprayed) and it's possible the enamel hasn't been fired, so might easily come off. I note the brushing has partially overlapped one of the bands.
Very strange, but I strongly suspect this was applied after being sold by Chance, and perhaps it was 'decorated' by the firm adding the metal fitments, or even by a householder. Can't answer about the gilt bands, as this required a special paint (I can't really make them out), but these were invariably hand applied at Chance.
The honeypot base (normally found with a lid) is one of the scarcer pieces, although not rare by any means.
Would like a hi-res. photo, if at all possible, Tony