Well, that's what my research indicates. I personally would have to see it. This belt of potions is quite interesting as well. Some of these potions are vials of liquid. Others are round pellets.
Further research is needed to understand what they all do.
The sword of warrior isn't really a sword. It's more of a hilt attached to the belt. Orkyn removed the hilt, causing a bright, purple blade to appear. The Ancient Ones claim it will cut through anything. Orkyn replaced the hilt on the belt, and the blade disappeared.