As I told earlier that I have recently purchased Yourstory 12x12 inch Binder and Laminator and I feel that it is one of the few products which are worth its price. Not only it helps in making Book Binded photo albums and scrapbooks but also laminates paper, photos etc. Totally worth every penny spent on it.
I got it in a bundle in which I got some Leather type Album covers and scrapbook pages too. Here is the pic:
Apart from this I also get coupon for 3 Free Digital Scrapbooks which are really great. Usage of this machine is extremely simple and all it take less than 10 minutes to bind a book. Though cost of readymade covers is high, but if you have glue gun (I do have one) then the cost of making a cover is really low and you can design covers of any size.
and for those who want it, they can get it on Global Ebay. There are offers in which they can get it for around Rs. 3000/- including shipping, customs and taxes.
Also don't buy readymade covers instead get a glue gun.