I asked about this a while back because I was confused too. I was told that, for the second set of Flutters, it varied between the American and UK editions. American 2nd set Flutters came with gold-edged ribbons (similar to Princess ribbons), while the UK ones came with colored metallic ribbons (similar to the ones that came with Summer Wings, unlike the 1st set Flutters which only had gold and silver).