I just dropped Php990 (approx. USD22) on a scrunchie and I'm happy as a clam. OK before you judge me, you should know that its a very versatile piece as it can be used a a bracelet, headband and as a necklace -if you like chokers. ^_~
The quality is superb and it comes with a luxe storage pouch as seen in the photo.
Evita Peroni is a luxury brand from Denmark which offers fine fashion accessories. They have stores in various parts of Europe, Asia and the Middle East. Im not sure if they're in the US though.
I chose this black, braided elastic encrusted with amethyst Swarovski crystals and small pearl beads because it accentuated the color of my hair more than any other color. Its stretches smoothly and doesn't pull my hair out when I take it off.