interesting comments on Meermin....
This is the most interesting part:
"This is partly because Meermin has a segment of its production in Shanghai. While some people wrongly characterize all Chinese production as being low quality, the fact is that some factories there have considerably improved. Though luxury-end production still remains nascent, mid-tier production such as this can be fairly decent."
I think that helps explain the price point. Based on the pictures and comments I've seen on this thread, I don't think it would put me off, given the price.