Well, as someone who bought the K3 mostly because it finally was cheap ($139), I have to agree with the OP, $60, or almost half the price of the K3 for a cover is kind of a lot.
I know it has a light in it, and it's leather. But there still has to be some serious markup (probably 400-500%). Cows get killed anyway for their meat, so it's not like it's some rare animal producing the leather that is hunted down by highly paid professionals. And LED lights are insanely cheap, you can get a LED flashlight for a few dollars. Heck, batteries are more expensive than the rest of the flashlight.
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