This is the Moana Pacific PVD from Magrette.
Dion McAsey has spent the last few years putting out popular, well-received watches and this one is no exception. What I really like about what he is doing with Magrette is his consistent approach to design. Staying true to one basic concept, but adding to it rather than constantly re-vamping it new case designs, new dials, etc. Rather the basic platform is improved upon.
The Moana Pacific is a 44 mm pvd case, housing a 21 jewel Miyota self-winding movement. And best of all is the price - $365.00 US!