Thank you all for your insightful comments. Even if we agree to disagree!
I do have a swingarm light. But so far, I have limited any stamping or swivel knife practise to only day time (at the balcony), so I am sure lighting is not the issue.
Bobby, your last comment makes alot of sense. I agree with that. That's why I choose to buy better leather recently, because I don't wish to put in 20+ hours on a hand made wallet, only to have its quality suffer because of poor materials.
However, I am looking at Tandy, because they do have more expensive options which I thought should be a good enough upgrade for me. The Al Stohlman series of swivel knives? But please do comment if you have any info to share on these knives. I would seriously consider splashing out for a SK-3 if I am convinced that any others won't do.