Hmmm...
In my opinion, this one has a few things that bother me about it:
First off the RZM mark should NOT be there. They had no control of any Army regalia. The ones I have seen wera all CE JUNKER marked.
The ones I have seen all had an adjustable 'stepped' hook side. The backing material looks to be the wrong color, and the links look too flat. also the center hole in the one link looks to have been added.
This one was quite ratty, but shows what I am talking about with the hooks: