Unlike the Apple AirTag Leather Key Ring, there are two variants of the Apple AirTag Loop.
One is the Apple AirTag Polyurethane Loop (or, in short, AirTag Loop), and it comes in for colors, Electric Orange, Sunflower, Deep Navy, and white. It retails for S$45, or if you are on Apple Corporate Employee Purchase Program (EPP), it is S$40.66.
