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Gem Peerless question

In regards to Gem razors does the name Peerless refer to an specific razor model? I have seen and old add for a Micromatic that mentions Peerless and then I saw an Ebay auction for a 1912 style razor that said Peerless on the box.
 
it was just the name for one of the 1912 sets from the mid 1920s. it was a silver metal case with a velvet lined interior.
 
...with Skin-Level Bevel!

In that case, I have to believe it refers to the set or, more specifically, the case. The razor looks just like any other Clog-Pruf.
 
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