My thoughts on "diamond belts" etc

[Earl-Hickey]

If it's a HUGE fight and the organization wants to commemorate and give the winner a "diamond belt" then fine

But these belts should be a once every few years kind of thing that only the biggest fights have them.

[Bundt]

Are these belts given to the winner as a prize? Like a super bowl ring? I think I’d rather prefer a cash prize.