I don't think this is a Baccarat set. In my collection of more than 850 glass and crystal ring holders I have several "look alikes"of the "bambou torsé". When you put them next to each other there are slight differences in models/dimensions and details but above all the glass quality of Baccarat is superior. That is such a striking difference! The Baccarat sets are in clear, yellow, blue, red and the wellknown red-orange that fades. At my opinion this is not a Baccarat color. The similar ones I have are , green , purple, pink/orange, brown/orange "metallic", clear. Baccarat ring holders are signed in relief "Baccarat Depose". Some items of the set too but not all. The German/Bohemian are not signed.
The tray doesn't belong at all to the set.
Please have a look at Pamela's Musterbuch at: Krug Mundt 1906, Müller- Kraft Dresden 1914 (!!), Radeberg 1890 and Walther 1925.
I hope this helps a bit?