Before you spend at the top of this band on a client, check their gift-acceptance policy. Listed companies, public-sector undertakings, banks and most multinationals set a hard cap, and a gift above it puts your contact in the position of either declining publicly or filing a disclosure. Both outcomes are worse than the smaller gift you could have sent. If you do not know the policy, stay at the lower end.
Assuming the policy allows it, the real decision is consumable versus keepsake. A gourmet hamper is safe, gets shared around the client's office — which quietly extends your company's name to their whole team — and leaves nothing behind. A leather bag or a speaker is remembered individually for years but is a taste gamble, and taste gambles at this price are expensive when they miss.
My default for a client I do not know personally is the hamper, precisely because it gets shared. My default for a contact I have worked with for years is the keepsake. The variable is not budget, it is how much you actually know about the person.
Two practical notes. If you buy a bag, check the laptop size it takes — several leather bags in this band top out below the 15.6-inch machines most people carry. And send the gift to the office addressed to the individual by name, not to the company: a gift addressed to a company gets opened at reception and absorbed into the general pile.