It seems like you're really upset. You bought something that was probably expensive, and definitely had a reputation you believed in, but the product didn't live up to your expectations.
I don't think it's fair to call these "LIES." Did she state in the letter that the wallet is made entirely of leather? If so, you're right, that is a LIE! But I don't think that she did.
Wasn't this a pretty polite letter? Mistakes happen. It sounds like they're replacing it,...