Titanic has always inspired the minds of people, most of the time in a good way.
But sometimes in a lesser way like when Titanic artifacts are recreated and passed off as real ones.
This happened with the lifebelts as well, sometimes willingly sometimes unknown.

You can read about Titanic's "pseudo" lifebelts here.

But there are also people who create replica lifebelts for the collectors.
Some looking good, others very good.

You can read about these replica lifebelts here.