I'd like to know as well (sorry, no answers here). After all the polo.com stories on the forum, I'd say claims of "handmade" on polo.com are dubious at best. I have the Greysouthern model that is currently on Bluefly
(quite affordable, I might add), which look very similar to the Carlson. The leather is not the finest, and (from the pics) looks the same as used for the Carlson. The Carlson's sole looks a little thinner and more elegant. That said, I'd wear my polo shoes any day over most models from Bostonian, etc., though I doubt they're from any high-end Italian maker. I also have the Bierley boot
in brown, also Made in Italy. Also, saw the Fearson
model at Off 5th the other day, much much nicer in person.