Yes indeed Alan it is, you will see that there are at least 3 different versions since it was introduced in the 1990s
http://www.britishbadgeforum.com/for...hp?albumid=196.
The first pattern is a single piece metal badge. The millenium star silver & gilt and current metal issue are two piece construction with nut/screw post fastening.
I noticed you getting this on on e-bay, that was a good price.
John