So this new event of opening gems, I was wondering if it was too late to open the gem chest to receive my helm. This is what happened:

the current tier is bronze, So i opened a cryostar gem chest and bam I get a "Bronze Tier chest Bundle"; And in it was the obvious answer, the new mythic Underhul Signet.

So what I'm thinking is this:

When it's Tier II (silver) -> Open a gem chest, Silver bundle recieved (Armor in it)
Explanation: When the bar looks like ( [II <<<<<>>>>> III] ) I will open one gem to recieve the bundle, and i'd get the armor. This is what I'm wondering


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When it's Tier III (gold) -> Open a gem chest, Gold bundle recieved (Amulet & Ring)
Explanation: When the bar looks like ( [III <<<<<>>>>> IV] ) I will open one gem to recieve the bundle, and i'd get the armor. This is what I'm wondering

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Is this how the event works?