My #1 concern is security. I find that a safe is far superior to a dresser drawer in the event of a burglary. I learned that with my first nice watch, a Rolex Datejust 30+ years ago.
Also, having that leather strap wrapped around that foam thingy shouldn't be a problem. When you wear it, the strap is wrapped around your wrist. All leather straps wind up with a built-in curvature.
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