No. I have a 5000 dollar suit, which is entirely handmade from the finest fabrics. Nobody knows the brand when I wear it, and even if they know 99% of the people wouldn’t even have heard about it.
Would the performance/function be any difference than a 500/1000 dollar suit? Nope. Would anyone but the finest coinnosseur recognize what I’m wearing? Nope. Do I care? Nope.
IMHO, you have these kind of items because of the traditions behind it, knowing that something is handcreated by someone who has dedicated his/her life to the perfection of that particular craft, appreciating the beauty and the dedication, including the imperfections that there are bound to be precisely due to it being handcreated, recognizing that you have something that is relatively unique in the grand scheme of things.