I saw a few pics on social media recently of a guy shooting a Welrod clone pistol made by Innovative Arms in So Carolina. I've wanted one of these for 10+ years so I reached out to Innovative via email and got a return phone call from the owner yesterday and was pretty excited to learn he's building a list of interested "Welrod" customers. His "prototype" pictured below is .32acp and is entirely scratch built by them, he claims the suppression is excellent and the internals are upgraded to a more modern serviceable baffle system with a single wipe at the muzzle. He said that he's about 8-12 months backlogged with current orders right now so it will be at least that long, but as I said I've been looking for a decent clone for over 10 years, so I'll wait. The prototype he made was done for personal use and testing on manual machines so the pricing for a CNC made unit isn't all worked out but a $1200-$1400 ballpark is what he was thinking.
If interested, the email address to use to get on the list is info@innovativearms.com. Just put "Please add me to the Welrod waiting list" in the subject line and include your contact info.
I'm not a shill for Innovative, and have no interest other than I want this to happen so I can get one for myself. The more interest he sees in the marketplace the more likely they will actually get made. Having said that, I do have a suppressed Ruger Mk4 and a micro .22 can they made and am very happy with both.