Thick Studded Asymmetrical Waist Belt

Such a cool belt!! Way too big for me as a waist belt, I'm holding it back in the photo and its on the tightest hole. My natural waist measures just under 24 inches for size reference. 37" total length. It feels and smells like real leather but it isnt marked (no labeling of material or brand) so I'm 90% sure it is. Marked size S/M but could fit about a 26-27 waist well. No wear, brand new! FP for exposure!