Help needed. Is the dial on this 1920s vintage Rolex origina

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Vestiaire Collective declared the watch authentic but cancelled the sale because they claimed that the dial had been repainted by a third party.

They have not provided any detailed technical evidence or comparison photos. I would be very grateful for informed opinions from experienced vintage Rolex collectors.

Based on the photos, do you believe the dial is original, restored or fully refinished? What specific details lead you to that conclusion?

 
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There may be other opinions on this dial, but sadly, I believe it is a very poor re-paint. I am confused with the markings inside the case back. If the case is legitimate Rolex, I suspect it would have been made either in Switzerland, or England. The markings I would expect to see inside the case back, aren’t there. Hope for other opinions. The movement in the watch appears to be one produced for Rolex by their associate firm, Aegler.
 
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Looks like UK 18K hallmarks inside the case although they are not clear enough to ascertain the city of assay and seem incomplete.

The box is definitely much newer than the watch, maybe by as much as 40 years (1960’s).

The dial looks like a reproduction of what someone thought a Rolex dial from the 1920’s should look like. I’m not sure if Rolex used the crown logo on ladies’s watches at that time.

So I would have questions about that piece.
gatorcpa
 
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Circular dial in an octagonal case?
The whole thing screams poor redial to me (in addition to notes above).