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They could've just slightly altered the design they had to add ruby spots.I believe the reason stated was that they didn't want to give a new belt each title fight(it was estimated to cost 300,000$ each) so they went with ruby thing for defending champions, so basically they were being cheap
But I don't think that's it anyway. There's no way they were paying 300k for those belts, especially back in the early days like 2003 or whenever they introduced them.
They also still seem to be giving out a new belt each time despite the rubies:






