OK.
This page seems to suggest that it would be liable to VAT only, and not duty (I was thinking of someone who got caught by VAT *and* duty on a camcorder). So, 699 plus 17.5% is 821. I'm not sure what the delivery charges would be, but I would hope it would be nothing close to another 100 USD so it does indeed look like there might be a saving to be made.
Warning: IANAL, IANACO, IDNWFHMG, and other indecipherable acronyms meaning I might have got this wrong.