I'm a 1016 guy and never really liked the newer 124270 but i really like this homage because of the simulated patina color of the markers.. it's like a 124270 and 1016 rolled into one! amazing!
Bracelet is higher quality than pagani for sure, having said that pagani bracelets don't routinely "collapse" let alone do so within "a few weeks". Sounds like you got a faulty example.