The quality is great (especially considering the price) and the ratchet mechanism works fine.  The packaging is also well above what one would expect at this price point.  The only reason I gave it 4 stars rather than 5 is somewhat ironic.  Because the buckle is such a high quality real metal (very solid feel to it), it sets off the metal detector in the airports.  As a frequent traveler, this is a pain.  The last time I simply put it in my suitcase rather than wear it but it still set off the xray to the point they had to inspect my suitcase.  Other than that, love it.