I thought I would post pictures of this badge weight, which contains the letters RE for Royal Engineers. It seems a little unusual to me for three reasons:
Firstly because if changes colour considerably depending on where and how it is displayed. Picture 1 shows it standing upright with daylight coming from behind and it appears to have fairly light pastel colouring but Picture 2 shows it lying down and you will note how dark the colours now appear.
Secondly in most badge weights I have seen the badge is actually lying on a spatter base but, as can be seen from picture 3, in this weight the badge floats well above the base.
Thirdly, I have not seen many badge paperweights which have a facet cut in the base to enable them to stand upright on their own.
The type of frit used in this weight is totally different to that in Ysart badge weights so there would seem little doubt it was made in Belgium
Dave