Leather wallets are often perceived as expensive due to several factors. The high-quality materials used in their construction, such as genuine leather, contribute to their durability and longevity. Craftsmanship plays a vital role, as skilled artisans meticulously handcraft each wallet, ensuring attention to detail and precision. The premium nature of leather wallets, coupled with their timeless style and functionality, makes them a worthwhile investment for those seeking both luxury and practicality.