The best quality hats are known as Montecristis, after the town of Montecristi, where they are produced.[11] The rarest and most expensive Panama hats are hand-woven with up to 3000 weaves per square inch. In February 2014, Simon Espinal, an Ecuadorian 47-year-old Panama hat weaver considered to be among the best at his craft, set a world record by creating a Panama hat with four thousand weaves per inch that took eight months to handcraft from beginning to end.[12]