Does it have a light?

There is no light. Very visible in almost any light. This is definitely not a novelty watch. Very well built, with a classic (rare) 1920s art nouveau watch style.

Is this watch a chronograph??? Need to know the difference between both versions

Not as advertised. I have seen this with the chronological features. The chronologic feature is simply a stop watch. It looks cool but I never use the feature. I prefer day of week, month, date on my sub dials just like what you see here. If you're considering this model beware. I ordered it but sent it back when it broke setting the time and date. If I were you, I would look at the Lupah models they are much nicer. Some models come with 5 bands and I own 3 of them in different finishes. I hope that helps.

how good does this watch last?

its an invicta, not a breitling. and it is a dressy watch with a selection of leather band. so it is not intended for too much wear and tear or exposure to too much water. i would never shower with this watch ,for example. who would do that anyway with a leather band? but if you treat it well, being an invicta it will last a long time. and they have a pretty good manufacturers warranty against manufacturer's defects, so register the watch with invicta.

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Description

Swiss quartz movementFlame-fusion crystal; 18k gold ion-plated stainless steel case; black leather strap with alligator patternMonth, day and 24-hour subdials; date window at 3:00White textured dial with metallic blue hands and Arabic numerals, black hour markers; 2 additional interchangeable leather straps with alligator pattern included; special editionWater-resistant to 30 M (99 feet) The Invicta Specialty Collection Arriving from The Invicta Specialty Collection are the Invicta men’s Specialty timepiceces. This collection, communicates time with ingenious innovation. Acclaimed for its unique designs, stellar movements and craftsmanship, theses Invicta Specialty models capture all that the collection has to offer.Depicting the essence of time, the watch casing is constructed with solid stainless steel and features a flame-fusion crystal, push-pull crown, a date, day and month display and is completed with handsome, interchangeable genuine leather straps. For perfect timing, the models are quartz powered and are offered in a sleek special edition box.This refined Invicta Specialty is geared for any occasion. Watch Specifications Case and Dial: 43mm. Solid stainless steel case. Stainless steel push/pull crown and pushers. Flame fusion crystal display. Textured dial. Date, month, and day displays. Band: Genuine leather strap. Stainless steel buckle. ADDITIONAL STRAPS: Two additional genuine leather straps Water resistant: 30 meters