You mean this one right? Yeah it’s a gift just like the red envelopes. Also at least where I am the gifts have never been so much about pure amount of dollars spent (obviously it probably won’t hurt I’m sure...but I’m nowhere near a top spender at my store) but more about having a good relationship with your SA. My understanding is that they get less of the leather pouch than the paper red envelops. Something like a ratio of a couple pouches vs a dozen envelopes.
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Wow. Really love the red envelopes and the leather pouch too.