The only drawback: The seam is on the outside and the thread is sewn along the edge, but stitched on the edge of time. This keeps the leather edge smooth (good) but provides the seam a lot of mechanical stress of (bad). Although the thread makes a robust impression, nevertheless this is a clear weakness.
For me the price is perfectly ok. I just hope that the thread is made of parachute silk and will last a lifetime :-)
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After almost one and a half years of intensive use I can only confirm what other users write: The material appears to be well - no signs of wear on the seams. Looks like new, although in constant use.