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Looks like you got at least a centimeter or 2 before the seam weld. Take some sewing scissors and trim some fluff very conservatively. Then take a lighter to singe the left over. It'll melt and "disappear".
If you go straight with the lighter and not trim, you'll have a hard mushroom of material that'll prevent the next step I'll mention.
Next I would find some nylon or kevlar material, and neoprene cement it over the gap as a patch to help reinforce the amount of material lost. You could also use scrap jean material too.
I agree with the Aquaseal. I had a tear/wear area on the material at the top of one of the shoulder straps on my BC. I just covered it in Aquaseal and its been fine for at least 10+ dives now.- trim and glue, something like shoe goo or aquaseal would do