Hello Kevin
Sorry for my delay to thank you for your post.
I am still not yet sure about the originality of my Fronte Russo badge. Let me tell you why.
I bought this Fronte Russo badge from e-bay having in mind already that information from the link that you post me. The item was very similar to this at //axxis101.bilzand.com item and also very well detailed in both sides.
But after short time many Badges appear again at e-bay without even some small differences (small scars or damages at surface and pins) like somebody produce them now days.
So I need the opinion from someone who knows first if this badge was faked and second to be able to recognize the original from reproduction.
I also wonder how many of those badges issued as a total from F. M. LORIOLI FRATELLI.
Here you can find close up pictures with higher resolution from my badge.
http://www.warrelics.eu/forum/axis-militaria/italian-fronte-russo-badge-original-or-fake-228554/
At the last picture looks like the blue paint is not so well applied inside the letters (?!)
I hope soon or late to have an answer
Thanks again for your time and help
Nikos