This is Gris Grimly's Pinocchio Geppetto's Workshop Cellar Edition from Wheaty Wheat Studios. Limited Edition to 500. (Not to be confused with the identical color version limited to 1,000)
"The CELLAR EDITION of the first diorama
from the Gris Grimly's Pinocchio series.
Based on the book Pinocchio illustrated by Gris Grimly,
this collectable piece is made from cold cast
resin and comes with movable metal tools and rat.
Comes in a black box with Gris Grimly art printed
in silver on it. By Wheaty Wheat Studios.
Limited to 500. Black and white. 7" tall."
I even didn't know the black and white version existed, and was surprised to get it in the mail today... But I like it better that the photos I've seen of the color version... Plus, the black and white version is supposed to be more expensive, but I got it for $30 plus shipping.