I did my best to make some quick changes ( hopefully good ) to what you suggested. I made the strap thicker around the edges and something that resembled the WWE Championship belt. I did like the edges sticking out sorta like the wings on the WWE Winged Eagle belt. As for the side plates, it was more complicated than I thought so I just messed around and kept that "royalty" look. Hopefully it works and blends with the front. Again its just based off a mock-up that I did ( I may get into it one day unless someone else wants to jump on it and make it look more professional ). Other than that I had fun doing this and may keep working on it. I'll post it in the spoiler.
Side note, I came across watching Hulk Hogan return as Hulkamania back in the good old WCW days. But I was curious how long did WCW ( even into the invasion angle I believe ) did they use the Big Gold belt with the dent on the top ?