At the launch of Witch Queen I, and various others, have been experiencing a bug where items of a certain type have the new item sheen perpetually. I did not report this when I first encountered it since I saw it was shown as a known issue but since it has been reported as fixed when it is not fixed I decided I would make a post listing everything I know about the bug.
When it first appeared it was affecting all my class items. Even the item I had equipped displayed as new. Class items in my vault appeared as new as well. This issue only affected my hunter and cloaks at the time. I have not seen it pop up anywhere else. The only cloak that this did not affect was the Illicit Reaper cloak.
On the first hotfix after Witch Queens launch the issue was resolved for my cloak but was then moved over to chest plate armor. It was the same as before, except one thing to note, Exotic chest armor did not have the issue. Only legendary items (in inventory, equipped, or in my vault) has the infinite new item sheen.
After this most recent hotfix which reported it as resolved, only items currently in my character screen display as new. Other than that it is the same as before. Items in my vault do not have the issue and exotics also do not have the issue. Pulling an armor piece from my vault into my character will give it the infinite flash but putting it back in the vault removes it (see attached video)
I'm hoping this information can help with resolving it somehow. (Also may be worth noting when I talked about this on the subreddit some people mentioned it happening with weapons as well)
This is occurring on the Steam version.
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Still persisting for me too, on ALL armour pieces. Really hoping for a fix soon as it's driving me bonkers!