WWII Italian SS Arm patch?

[Colt.45-94]

*Cross posting this here in the Italian category and the German third Reich category, hoping to get more information*

 

So, maybe 3-ish years ago  I purchased this SS shield patch. Supposedly that of Italian 29th Waffen-SS Grenadier division, an SS division made of German aligned Italians formed after the 1943 Italian armistice.

 

Recently they've become common on the market. From what I've seen/read online, apparently it was patch that was designed and made late in the war, but never issued? A large stock was found, and they have since been selling on the collector's market. I've never seen any pictures of them worn by the men of division. I don't recall how much I paid for it, but it wasn't super expensive... If it was I probably would have remembered.

 

Anyone here have any more concrete information on these patches?