Black coloring peels off to reveal rust color beneath

I've ordered this same belt from the same company three times over the past three years. Last year and the year before, it was great and I had no problems with it. However, the one I ordered in 2007 started peeling immediately the first time I wore it -- revealing an ulgy rust color beneath the black. I wrote to inquire about a refund, and instead of a refund they sent me another belt which has the same problem. Too bad.... this was a great, wide, useful belt with handy secret compartment, but the peeling black color can't be tolerated.