I think a part like this would cost a LOT more than $1500 per part.
The way it would probably be done in industry these days is to get somebody like Scot Forge
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roll forge you a blank. This would give you an oversize ring, without welds, that had the grain forged continuosly around the circumference for strength.
Then, you send it to a machine shop that has a good sized VTL or VBM.
I was in a factory in Italy a couple of years ago that built big machines, and they were making similar sized and shaped parts in this way- a roll forged ring, machined on a vertical lathe about the size of a two car garage. They had a whole row of these machines at work.
The material cost is one thing- but the real cost is in the equipment capable of doing this size of work to these tolerances, and the experience and infrastructure to support these machines.
This aint no garage job.
Like I said- If I seriously needed one of these, I would pick the brains of companies that do it everyday, as job shops, and I would start with Scot.