Not so. One thing is for certain. The old adage "you get what you pay for" doesn't hold anymore, if it every really did. More expensive, doesn't necessarily equate to higher product quality. Particularly when it comes to cutlery it seems.
I suspect you could run both knives through a series of cutting performance, durability and maintainability tests -- in other words, product quality tests, and the differences between the two would be negligible.
THEN you consider the "pride of ownership" factor. For many it means little. Their focus is on product quality at the best price. For others, it really means something. It's tangible and that's fine. Difficulties only arise when they try to justify their pride of ownership in terms of product quality, rather than the extra utilities they receive from owning a certain brand name, something with a certain look, something with a certain bling or something that is known to be expensive.