I agree with your point. I just received more resolution on the price point from my AD and is certainly seems that it is lower than I was previously given to believe! In fact I heard it can go quite a bit lower than the IWC Port 5001. I also...
but couldn't bear to cut the rubber strap so I'm wearing it with an old aftermarket rubber strap with a SS buckle. Looks quite ok actually - colour combo kinda reminds me of the black-cased GG Arena Biretros (which mostly come with black rubber...