If you want a Grado headphone and you don't live in the U.S., you should probably get an Alessandro headphone from Alessandro High-End Products' website instead. They are essentially the same thing rebranded, and they cost the same price no matter where you are, whereas Grado headphones are priced exorbitantly high in most countries. Many Head-Fi members prefer Alessandros to their Grado equivalents (MS-1 = SR-125; MS-2 = SR-325), too.
The MS-1 is essentially a SR-125 and sells for $99US. That should still be under your budget when converted to CND.