Unfortunately these lower leather prices certainly don't seem to have affected the price of premium, handmade leather goods. I suspect (but cannot prove) that

Unfortunately these lower leather prices certainly don't seem to have affected the price of premium, handmade leather goods. I suspect (but cannot prove) that in the case of premium, handmade leather goods, the majority of the cost (probably a really big majority) is the time of the people hand-making it, which is unaffected by the drop of the cost in the leather.