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1950s, PUW movement. For more info please open it up and let‘s see the movement. Could be a 1361, 1461, 1561. my gutt says PUW 1561 because of the look of the dial.

PUW stands for Pforzheimer Uhrenwerke (Pforzheim Watch Movements or Pforzheim Ebauches).
PUW movements have been very popular in from the 60ties to the 70ties and I think they are worth to be colected (just as a witness of time). The 1561 already was a well constructed movement, reliable work horse.
 

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Now that I've finally acquired one...

15757585
 

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Thanks for all the photos, this is a beautiful diver. When they get around to making a 38mm version for my little bird wrist, I'll take 2 thank you.

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Indeed. When I see the website photos, I'm not terribly interested, but then I see pictures of it in the wild, and I start thinking I really need this watch!
 
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