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Its Quartz but its a very very good quartz. Looks awesome in real life. A new latest model one will be over your budget (still worth considering if you can up your budget) but you can buy a whole bunch of older ones second hand for less than £500.
Its a very nice looking, very functional and good value watch. Should make @ejay2.0 happy too.
My dad has offered to buy me something for my 40th Birthday (2 years ago LOL).. up to the value of £500.. so I was thinking another watch.. I like divers / subs.. current watch list is..
Tag heuer Carrera Chrono
Tag heuer 1000 professional
Seiko SKX007
Hamilton Khaki x-wind
Couple of digital Casios..
I would possibly think about selling the hamilton to add to the pot.. I have had a Steinhart Ocean one in the past. Any suggestions..