I know they have sold out the first few projects they started. I almost bought one a few times but didn't for others watches.

Project 3 is a GMT with a Eta 2893-2 limited edition of 50 for 900.00



Swiss ETA 2893-2 Automatic Mechanical Movement with GMT complication (additional 24hr hand)
316L Marine-Grade Stainless Steel Construction
120-Click Rotating Diver’s Bezel
C-3 Superluminova
Sapphire Crystal (Flat), AR Coated Underside
Automatic Helium Escape Valve (HEV) located at 9 o'clock
Rated 1000m Water Resistant
44 mm Bezel Diameter (excluding crown)
52 mm Lug-to-Lug, 22 mm Strap / Lug Width
Stainless steel bracelet (solid link) with diver's safety clasp, ratcheting dive extension
Italian natural rubber ("NBR") strap with engraved buckle
Packaged in waterproof dive box
1 year limited warranty

Next is project 4 a quartz The model C. For 495.00 Also limited to 50



Limited Edition / 50 examples of each style
ETA 251.262 quartz chronograph movement (expected battery life approx. 4 years; 2 yrs + with chrono running 24 hours)
316L marine-grade stainless steel case, brushed finish
120-Click Rotating Diver’s Bezel
C3 Superluminova material on dial and hands
120-click stainless bezel with aluminum inlay (either dive markings or 12-hr markings for GMT use), C3 luminous marker
Sapphire Crystal / internal anti-reflective coating
44mm Bezel Diameter (45mm case width excluding crown; 50mm width including crown)
48mm Lug-to-Lug height at tallest point (44mm at center, from strap to strap)
24mm Strap / Lug Width

Packaged in water-resistant dive box, and supplied with:
Stainless steel bracelet, screwed adjustable links, diver safety clasp
Leather strap with stainless signed BaliHa'i buckle
Italian natural rubber dive strap / vintage style, with signed stainless buckle

http://www.balihaiproject.com/watches/watches.htm