Water bottles incorrectly shown in inventory

When you open the chest, the icon of the "water bottle" is shown as a black and pink square

I was expecting to see a water bottle icon

When I opened the chest, the inventory interface did not have the correct Icon for the water bottle. Instead, it showed it as a black and pink square. This does not seem to be an issue for an empty bottle.

Steps to Reproduce:
1. Put a water bottle into a chest
2. Open chest
3. Look at the water bottle icon