Held items in third-person view show strange artifacts when viewed at certain angles

When viewed in third-person, held items may appear “sandwiched“ between faint layers that are somewhat visible.
Additionally, translucent artifacts can be seen around the edges of the item.

These artifacts only appear when the camera is moved to certain angles.

To reproduce this, hold an item that clearly shows the issue, such as:

• Enderman Spawn Egg

• Redstone Dust

• Brush

• Bucket

• Spear

• (and similar items)

Now, move your camera until these artifacts become visible.

Tested on default video settings, without anything changed, as if you’ve just launched Minecraft for the first time.

Artifacts are more noticeable if you resize your game’s window to a lower resolution.