I'm not sure what options the console versions have over PC, but I noticed recently that my PotD weapons weren't glowing while I was on my laptop (they looked terrible, they were just flat colors), so I dug around in the options and found that the "Glare" option, I think it was, controlled the glow effects for them (also my garuda ex mount, the only one I've gotten so far). If the console has that maybe see if it's turned on/off?