I tried leather as had it at hand but wrongly used the crocodile fasteners, soon found out they only like going round to bend in one direction over pulleys so the tensioner soon destroyed fastener and belt, I did get it right as have laminated and glued leather for large cone clutches and worked, one hadn’t needed attention in 60 years use so work without issues. Care is needed in fitting as leather cut short, laminated, glued and dampened as has to be shrunk on, plus it isn’t just a straight bit of leather ether as has to be cut crescent shaped.