filipino navy?  philology navy?  an officer of the philosophy deptartment of the US navy?
the anchor is united states navy all the way but what is PHIL. ???
this is 100% a custom job.  obviously for an officer.  possibly a gentleman.
the ariete was a class of torpedo boat but i'm unclear if they were Italian, Spanish or Allied because i know little..
the philippines were on the allied side after they were freed up from japanese occupation in the mid-late 40s during WW2.
maybe ariete is also some dudes name..

3 inches wide.  solid brass belt buckle, will fit large width belts.  the proudness of the screw threads in the back may be a concern.

holler with any questions or answers,
doug