No way. I've only seen crap on Canal Street. Usually way lighter and obviously flimsy. the majority of replicas are chrome, these are stainless steel.
I don't claim to be an expert, but I've had replicas before, and these are the nicest I've had. Bali has 4 types of watches; cheap, Canal Street like ones, heavy chrome ones sold in retain chains, stainless steel ones (what I got) and they had what they claimed were swiss movement.
I honestly think people assume you need to spend a few hundred for something nice so they are discounting these based on what I've paid. I've paid more in the past and gotten much less.