Yes we've seen it on emedals- I wondered myself how it was affixed.... but appears similar to other fascist rings I've seen with a separate cartouche (in this case the swas/fasces) ... so that's a plus, and if it is Bakelite that's good too, IMHO. The only other question that comes up for me when it comes to these rings is when it was constructed. If I had to guess I'd say it's probably period or close to it- the only concern I really see with Italian WW2 items is desirability and value. On the plus side - Its got the one thing that makes it collectible right on the front and we all know it's not the bunch of bundled sticks....
