That is just a Tandy Leather belt buckle.... I have a few laying around the house. I have been trying (in vain) to polish those bad boys up, but I keep falling short. I'm thinking I may have to resort to getting some aluminum plating to cover up those weld spots.
I did go over to Joann's, last night, to check on that red elastic. They don't have it is red, but they did have red webbing material. But it would seem that you found another solution. But if you do decide to go the webbing route, let me know and I can pick it up for you.... seeing as how I will see you tomorrow, at the Pig Bowl!
- Bill