The original Milanese Loop is made from 316L Stainless Steel. This Stainless Steel is some of the best you can currently buy, and it's not cheap.
The Stainless Steel Mesh from Untold Time uses the same 316L Stainless Steel as the original Milanese Loop. The magnet has been reinforced and holds tight to the mesh without moving. Notably, the best part is the color options. Untold Time has eight different colors available.
It's always lovely to see these third-party companies are making reliable accessories that are Apple quality or at least close to it. Saving $100 is still a bonus too when you can get practically the same band and materials for much less.