Hi jonas
Yes, it is very nice, but unfortunately the material is actually very different to the original. But, really it seems the same.
The PAM 386 gen is made of a very special material "composite"
"The PAM composite is the result of an electrochemical process of ceramization of the aluminium, this material is harder than the ceramics normally used for cases in watch-making (zirconia), and also harder than metals like steel and titanium, as well as being lighter. Thanks to its qualities of ductility and reliability, the Panerai composite allows for complex and extremely precise workings and is the result of processes that, up to now, were employed in the creation of components for the aeronautic industry and for car and motorcycle races requiring the highest levels of performance."
The case you are indicating and the below rep from Puretime:
http://www.puretimewatch.com/product/pam386-m-composite-v2-on-asso-strap-a7750/
are made of aluminium DLC Coated, and due to the low weight of the aluminium, the rep have a weight similar to the gen. But it is much softer than the gen.
A sandblasted finish in the rep gives to the watch a ceramic like aspect as the gen has.
The look is similar to the SS sandblasted DLC Coated but the weight is much closer to the gen.
This rep from PURETIME is the closer to the original PAM 386 at this moment.
ALE