A nice comfortable strap and going by the smell, it is real leather, contrary to a previous opinion.
I do agree, however, that the strap is enormously long and seems more fit for a gorilla than a human! The adjustment is a bit awkward and with some not entirely satisfactory fiddling to make the strap as short as possible, and use of the second end-pin hole, I have found a length that is reasonably comfortable. The strap itself, in terms of carrying-comfort, is excellent being very well padded.