Who doesn't adore Hermes enameled bracelets? You'll find that some of them are stamped "Made in Austria" and others "Made in France." It's my understanding that the ones made in Austria are made by Frey Wille (formerly Michaela
Frey). Some of the older ones are stamped "Austria." Maybe they produce them in various places for different markets.
I would love to own one of these one day. I like the ones with the horse heads in the various colors.