Bugged(?) weapon

Hi there. I have just won a box and threw out. I received eye-candy, but bugged item. Here's a screenshot:



Can someone tell me if this item is or isn't supposed to inflict any damage? I think it would be an awesome weapon if only it worked properly.

EDIT: Also, i had found this:




Any ideas what should I do with this?

Thanks in advance!

 

weapon does inflict damage, it;s a visual bug, love charm does nothing

 

I've just tried it out... This weapon does approximately 10-20 dmg ^^