I bought this watch 3 days ago and paid $10 more than it currently is listed at, but I was happy with the price at that. Sorta wish I'd waited  but who knows? Maybe the price would have gone up. Anyway, I love the watch and have already ordered it in another color (white with rose gold). The size of this watch is about as big as my little wrist can take (I could actually use another hole on the band, but it's fine as it is). I like the gray color but it is slightly lighter than the picture, as others have said. The watch absolutely does NOT look cheap, and it's selling for much higher prices on other web sites. The band is very comfortable and seems to be sturdy and durable. As for whether it's dressy or casual, I think it could be both, depending on your personality. If you're going to the White House, maybe something from Tiffany would be more appropriate, but I don't think I'll be going there  any time soon. And yes, my band does smell like baby powder. I've had other polyurethane/rubber things that smelled the same. The smell seems to lessen with time, but it's pleasant anyway. I can't comment on how it keeps time because I haven't had it long enough to tell. I just couldn't wait to write this review! Buy it: you'll love it.