I'm not sure how peelable a Waterford label is, but if it was a paper type which was gummed, not self-adhesive, then it would be a doddle to transfer it over.
In fairness to the seller, I did point out that I would ask my contacts to confirm whether Chance ever supplied Waterford (the only way I can see the label would get affixed legitimately) and he has replied:
Hi Thank you again for your email, any additional information that you fnd out is appreciated.
So hopefully I will get this nailed down, once and for all.