An upscale leather wallet is more than storage for money. This is a thing that can say a lot about its owner - whether he is a practical person or a fan of unusual things, if he follows trends or prefers classics, what personal style he has, and much more. Be that as it may, a modern man would have hard times without this handy accessory. Let's talk about why first-class wallets cost a pretty penny and whether it makes sense to invest in an expensive item.
Quality / price ratio
The price of a leather wallet can vary from just a few dozen dollars to a four-digit number. It depends on the quality of leather, the complexity of a model, manufacture’s know-how, and exclusivity of a product. These four points determine the price and, therefore, the true value of a model. There is one more thing that impacts the number on a price tag – brand name. However, it is a purely subjective thing and it isn't always directly related to quality.
From the point of view of production, both price and quality stem from the production method - manual or machine. Top-notch products are usually cut by hand and sewn in the same way using waxed linen thread. Often, these wallets are issued in limited editions, which scream about their exclusivity and nearly uniqueness. In the middle-price range sit machine-assembled products. They are produced in large batches using standard layouts. And finally, the cheapest samples are completely made by machines. Sometimes, in order to reduce their cost, a manufacturer uses hot glue and a welded assembly instead of threats.
Type of Leather
As you might guess, the type of skin, its origin, and the processing method are extremely important. These factors, perhaps, have the greatest impact on both the appearance of the product and its durability.
At the bottom of the range is split leather and top grain. Its surface is often coated or polished to mask imperfections. However, such products remain of average or even mediocre appearance. You will probably be able to save a few dollars when purchasing such a wallet but it will wear out pretty fast.
Pigmented or corrected grain sits in the middle range. They are a good compromise that provides decent quality with a more sophisticated, relatively natural, appearance.
Finally, at the bottom of the heap is full-grain leather, which retains its original natural appearance and has the best aesthetic qualities. By purchasing a full-grain leather wallet, you can enjoy fine finishes and optimal durability.
Design and Construction
Design and layout will also make a difference. Simple models that provide less room for paper bills and all sorts of things usually cost cheaper than complex models that offer various compartments, pockets for odds and ends. Some models require almost as much leather (and labor) as a small handbag! You should understand that some wallets need more work than others, hence the difference in production costs and, accordingly, retail price.
On top of that, it is necessary to consider the quantity and quality of finishing materials. If you see exotic leather appliqués, precious stone inlays or inserts of other materials (for example, silver rivets), then you will probably have to fork out to get such a wallet.
Country of Origin
The country of origin can be an important point for certain consumers and can have a major effect on price and quality. For example, “made in France” or “made in Italy” immediately makes us want to take out our checkbooks while “made in China” makes us question the quality. However, items manufactured in “poor countries” will not always be of poor quality. For example, how many crocodiles have you seen in France outside the zoos? That's right, none, because they do not live there. However, they are found in South Asian countries. Therefore, you can unearth crocodile men’s wallets par excellence made, let’s say, in Thailand, provided that their price is not suspiciously low. The country has hundreds of crocodile farms and a long-standing tradition of processing this skin, meaning local artisans really know their stuff.
The manufacturer’s know-how, its patented technologies, and the ability to offer original solutions that distinguish it from other brands also affect how much money you have to pull out of your pocket to put a new wallet in there. For example, have you ever heard of smart wallets? This product has a built-in GPS sensor as well as a small camera. If you lose your wallet, you can find it via GPS, and the camera will immediately send you a photo of someone who will peep into the wallet. Innovations require money, and ultimately it is you who will have to pay this money to benefit from them. Even things that are non high-tech at first glance can feature novelty technology. Those can be revolutionary methods of seam stitching or a special protective layer for leather. So, even a simple-looking product might cost more than its counterparts due to innovations.