And I just read something last week about how most bag failures happen at the metal rings, not the leather itself. The stress concentrates right there and the stitching inside the fold is basically hidden until it's too late. My friend had a similar thing happen with a backpack strap, it ripped right at the seam while she was just standing on the platform. She ended up getting it fixed too, but she said it never felt quite the same after that. Sometimes the repair is worth it though, especially if the rest of the bag is still solid. $65 sounds about right for new straps, that's actually cheaper than I would've guessed for a leather job in the city.