I sent Michael last Oct '11 my dad's 25 year old Day-Date which has been a daily wearer so needless to say, there was considerable stretch on the bracelet. We got it back mid Dec and it was like new!
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the links were nice and tight with no stretch whatsoever.
His price of $850 is very reasonable in my opinion compared to the replacement cost and his work is great. There is another outfit in Florida I heard about as well who repairs Jubilee style bracelets starting at $1500 but can't comment as to their quality of work since I have no experience with them.