This happy band is an 18k gold Imperial FP and BP Masterpiece set from the early to mid 1970s.
It belonged to a former Sheaffer Exec. who was once the assistant to Craig Sheaffer during his waning days at the company. I purchased the set from his daughter who was liquidating the estate.
The set is English but only marked as 18k gold. The daughter said they weren't made for wider sale but only given out to dignitaries. I'm not certain if that's true or not.
And yes the spoon would make Bugs Bunny smile too.