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Not to be a grinch, but I always assumed that was a leatherette (vinyl-coated fabric) covering.
For Zenith TransOceanic radios with leatherette covers, a standard treatment is to clean them and then apply liquid shoe dye (not polish). Some people go on to apply polish after that, but I think polish violates Nature (and what the factory produced). Leatherette should have a nice glow, but not a glassy shine like a flamenco dancer's boot.
In any case, congratulations on your find. The tabletop Zenith portholes are the only ones that catch my eye. All the others . . . too big.
Phil Nelson
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