They've come out with a nice new clasp. Larger, sturdier, brushed instead of the previous polished, laser-engraved logo. A bit more expensive, but they were pretty cheap to begin with.
They're called "Baltic" on this page:
For sale is a d.Freemont Panama watch that is in near mint condition. Watch is part of the Ancyent Mariner Series. Watch was only worn 4-5 times and that was on a replacement ostrich strap with deployment buckle (included), so original strap and deployment buckle are like new. Watch has the heat...