This is a Bulova Ladies "Baguette" style watch with four (4) Diamonds. No info on watch regarding Gold content, I believe it to be White RGP, until tested. The outside case is numbered: 165993, inside case numbered: 2066238. I believe this is "IRENE" from a Dec. 17, 1934 Bulova ad.
Dear TexasLady, well spotted, this Irene, but.......... the diamonds in case of the Irene sit in a triangular shape, while in your watch the diamonds sit in a "pencil" shape". You see? Also, the Irene was first advertised in the newspapers in 1934, while your watch is from 1932, two years earlier. Therefore I suspect that your watch is most likely another model, and suggest we keep searching for a matching ad. Unknow for now.
Here is a better advert for the Bulova Irene. Two things may vary from the subject watch. The shape of the setting around trhe diamonds and the sold gold case.

Found an advert with a case match, but the dial looks to make it a non Bulova.
Any chance of confirming the inside case markings with a photo?

In reply to Found an advert with a case by mybulova_admin
Don't have a photo of inside case but it reads: BULOVA QUALITY and below it: 2066238
In reply to Found an advert with a case by mybulova_admin
Stephen, your ad apears to me to be a match, with a little "artistic license" in the "Bulova" script. Note the apparent size progression in the numbers, basically increasing in size from the 12 to 6 and then decreasing on the opposite side on the way back up to the 12. It's possible the artist incorrectly spaced the numbers up high and didn't leave enough room for the naming. Just a thought.
Too bad there isn't an ID in the ad.
In reply to Stephen, your ad apears to me by neetstuf-4-u
The advert was placed next to another Bulova watch that was named, but this one had no reference to Bulova or a model, so it may not even be a Bulova watch in the advert.
I'm still at unknown on this beauty.
Based on the new ad find from 1932 this appears to be a 1932 Bulova Lotus.

Looks like the Bulova Lotus to me!
Agreed.
1932 Bulova Lotus