Sector model 31723 broken stem
An independent watch repairman (used to be one at every jewelry store) can probably replace the stem of your watch for far less money, depending the damage you describe. I suspect that the high repair price given to you by Sector means that they would simply drop a brand new movement into your watch and give it back to you. In most cases, though, a replacement stem wholesales for $7-20, and you might be looking at $30-75 in labor, depending on where you live and the type of watch repair shop you're able to find.
When looking for a repair place, I would stay away from the big chain jewelry stores--and also the "while you wait" watch battery shops. Neither of those operations typically has an in-house person with the right expertise to fix your watch.
When all is said and done, it is possible that the nature of the stem break will require more expensive repairs to your watch. A good repairman will tell you if that's the case. Even then, $400 seems very high to fix this problem. In the old days of even 10 years ago, this would be a $25 repair!
Best of luck with your quest.
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