I too got a custom cover made here in India. kindle original cover seemed way too expensive to me, plus it didnt fold back easily, so was a pain to use too.
Tried out getting a kindle cover from dealextreme, in hope that it might be better. but still that wasn't kinda satisfactory as the inside material was kinda velvetly which i didnt seem to like much, plus it was rexin and not real leather on the outside. Kinda has a cheapo feel to it.
So went around Kolkata, sourced a bit of leather, and handed over to a local guy my original kindle cover + the leather.
The first attempt he made something that didnt work out, but second one was prety good job. here are the pics
(The pebble grain finish cover is the original amazon leather cover, the other one is the one locally made. Just had both in frame for comparisions.)
I couldn't source the pebble grain leather used for kindle cover, so got the local plain black ones and added a thin sponge layer between the leather and the board.
used four corner straps to hold it in place. They were made a bit thicker, which causes it to cover the unlock switch and the navipad key, but well, I felt that was better than using a thin strap and risking the kindle falling out.
the original kindle cover wouldn't fold back easily, so opted to have no board on the side, to allow easily folding back of front cover.
And the bottom line, all this cost me about 12-14 dollars to make using real leather
