This is definitely a high quality product.  The leather is soft and the material on the inside feels very nice too.  The bonus is that there is a stylus holder-this was not mentioned in the description.  It holds the iPad tight and allows all ports and buttons to be accessible.  The pictures do not do it justice.  If you are on the fence about buying this product, just go ahead and do it. 

Question: What do you think about clasp?
Answer: This is definitely a high quality product