From the information I have in the book Zeiss Compendium by Charles Barringer and Marc James Small (two of the leading experts in Zeiss Ikon trivia), the 521/2 was manufactured with the Novar lens and Klio shutter in 1948 and 1949.
Zeiss-Ikon cameras were often offered with different combinations of lenses and shutters at different prices. The Klio shutter and Novar lens were the bottom of the Zeiss shutter/lens line, while the Tessar lens was more expensive (and has a bit of a legendary reputation). The same goes for the Prontor shutter, it had a wider range of shutter speeds (up to about 1/200), and the top of the line was the Compur shutter, which went as high as 1/500 in some versions.
Despite its position at the bottom of the Zeiss line, the Novar lens (in my opinion) still turns out excellent photos, especially when stopped down a bit.