Welcome to Brand Breakdown, a series of comprehensive yet easy-to-digest guides to your favorite companies, with insights and information you won’t find on the average About page.

G]iovani Panerai opened the first watch shop in Florence, Italy in 1860, and his operation soon expanded to include a bustling workshop and Florence’s first horological training center. By the early 20th Century, Panerai had taken on contracts for the Royal Italian Navy, and in 1916 Panerai secured a crucial patent for Radiomir, a radium-based glowing paint.

Like so many firms stuck in fascist countries, Panerai developed watches for the wrong side during WWII, but Mussolini’s dictatorial mandates and deep pockets spurred Panerai to innovate at a rapid pace. They developed the Perspex crystal (1936), massive luminous sandwich dials (1938), integrated lugs with spring bars (1940) and a movement with an 8-day power reserve to reduce wear on crown seals (also 1940). After the fascists fell, Panerai developed their renowned tritium-based lume called Luminor (1949), and their signature lever-activated crown lock (1950).

Panerai’s wrist watches didn’t reach a wider audience until they offered a civilian collection in 1993 and attracted the endorsement of Sylvester Stallone. By 1997, Panerai had become so successful that the Vendome Group (later the Richemont Group) acquired the firm, moved production to Switzerland, and transformed Panerai into the luxury sport watch company we know today.

It took Panerai some time to shed Sly’s Rocky/Rambo bravado and tell its own story more directly, but once it did, the company offered up a subtler form of badassery that’s all about oceangoing adventure. Italy is almost entirely coastline, and their Navy is famous for innovative maritime technologies and techniques. Panerai was right there making the dive watches, gauges, and compasses for these pioneers of the deep. Meanwhile, the company has maintained a close relationship with yacht racing, including on vintage wooden yachts.

Despite the relocation of its manufacturing to Switzerland, Panerai’s style remains faithful to the original Italian designs of the early to mid-20th Century, and today’s collection is far more diverse than ever before.

Table of Contents

In-House, Hand-Wound, Three-Hand Movements

In-House Hand-Wound GMT Movements

Hand-Wound Complications

Auto-Winding, Three-Hand Movements

Auto-Winding GMTs

Unitas/ETA-Base OP Movements

A Vast and Diverse Catalog

Panerai offers over 20 in-house movements as well a slew of movements built on third party bases, and these calibers are found in well over 100 individual watch models available in steel, bronze, titanium, gold, platinum, and proprietary case materials such as BMG-TECH (bulk metallic glass), Carbotech (polyether ether ketone), and Panerai Composite (synthetic ceramic using micro arc oxidation).

Sometimes the distinction between models is merely a matter of case material or dial color, but it’s common to grow frustrated shopping for a Panerai because one’s preferred look and fit don’t always come equipped with the movement/functions one prefers—or vice-versa. We aim to make navigating this dense catalog as easy as possible.

The Best Strategy for Shopping Panerai

We’ve found that the best way to divide and conquer the Panerai catalog is to sort based on the movements. For example, if you prefer a hand-wound GMT with an 8-day power reserve (Cal. P.2002), then you’re down to just two watches (PAM00223 and PAM00576). Want a flyback chronograph? Look at Cal. 9100, and you’ve got six choices. Before delving into the movements, however, let’s get our heads around Panerai’s four main model categories.

Panerai’s Four Model Categories

Radiomir: Referencing Panerai’s earliest military watches from the 1930s, Radiomer models feature either wire lugs that detach for strap changes or integrated lugs with spring bars. The smallest Radiomir is 42mm, and generally these watches are large, plain faced, and classic.

Luminor: Beginning in the late 1940s, Panerai moved away from Radiomir lume to the tritium-based mixture patented as Luminor. In 1950 Panerai introduced its signature crown lock. The Luminor line features this crown lock, integrated lugs, and a cushion case shape that has its roots in the past but was also modernized a bit for 1993’s first civilian collection.

Luminor Due: Smaller, thinner, and often fancier. The Due line premiered in 2018 and is Panerai’s answer to demands for both smaller and more feminine models. Water resistance is only 30 meters (a typical dress watch rating), so many die-hards dismiss these as fluff pieces, but on wrist they are some of Panerai’s most comfortable and good looking watches.

Submersible: In 2019, Panerai separated out its dedicated dive watches into this new category, and doing so vastly simplified its catalog.

The chart below offers a glance at how these four lines are distributed across various case sizes, and it should provide a quick way to locate models that might fit your wrist. (Please note that as models come and go, these numbers will change slightly as Panerai phases watches in and out of production.)

A Note on Limited Editions

To satisfy the appetites of its hardcore fans, Panerai, like so many brands today, offers a steady stream of limited edition timepieces. These small batches can be as few as 10 pieces, and they typically sell out quickly. Staying on top of Panerai’s limited editions is an ongoing challenge, so we are going to forego covering most of them in this buying guide. We have also excluded pocket watches and clocks, of which Panerai makes just a few.

Panerai Numbers

Panerai’s in-house movements carry calibre numbers in this format: P.xxxx.

The company’s movements built on a Unitas/ETA base have Roman numeral calibre numbers that start with OP (e.g., OPXXII).

Each watch is assigned an individual reference number, or PAM number: PAMxxxxx.

How to Use This Guide

With a little bit of scrolling you should be able to swiftly navigate to a watch that interests you. There are three effective ways to approach this guide:

1.Search By Movement: By locating the mechanical functionality you’re interested in, you can then quickly browse the available watches that house it. We’ve grouped movements under larger headings (e.g. Auto-Winding GMTs) to simplify your search.

2.Search by Look: By scrolling through the photos, you can locate an appealing look and then learn about the mechanical functionality, materials, price, etc.

3.Search by Size and Model Line: We’ve listed the case sizes and model lines prominently together, so you’ll be able to scroll to, say, a number of 42mm Luminor models pretty quickly.

In-House, Hand-Wound, Three-Hand Movements

(6 Movements; 20 watches)

P.1000 In-House Hand-Wound Movement (4 watches)

(Small seconds; no date; 3-day power reserve)

Radiomir – 42mm

Collection: Radiomir

Model: PAM00574

Size: 42mm

Case Material: Steel

Dial: Brown with luminous Arabic numerals and hour markers; mall Seconds at 9 o’clock

Price: $7,600

Learn More: Here

Radiomir – 42mm

Collection: Luminor

Model: PAM00575

Size: 42mm

Case Material: Goldtech™

Dial Color: Black with luminous Arabic numerals and hour markers; small seconds at 9 o’clock

Price: $18,100

Learn More: Here

Luminor Due – 42mm

Collection: Luminor

Model: PAM00676

Size: 42mm

Case Material: Steel

Dial Color: Sun-brushed black with luminous Arabic numerals and hour markers; small seconds at 9 o’clock

Price: $7,900

Learn More: Here

Luminor Due – 42mm

Collection: Luminor

Model: PAM00728

Size: 42mm

Case Material: Titanium

Dial Color: Sun-brushed blue with luminous Arabic numerals and hour markers; small seconds at 9 o’clock.

Price: $8,600

Learn More: Here

P.1000/10 In-House, Hand-Wound Movement (2 watches)

(Skeletonized bridges; small seconds; no date; 3-day power reserve)

Luminor Due – 42mm

Collection: Luminor Due

Model: PAM00741

Size: 42mm

Case Material: Goldtech™

Dial Color: Ivory with luminous Arabic numerals and hour markers; small seconds at 9 o’clock

Price: $21,900

Learn More: Here

Luminor Due – 42mm

Collection: Luminor Due

Model: PAM00677

Size: 42mm

Case Material: Goldtech™ (red gold)

Dial Color: Anthracite sun-brushed with luminous Arabic numerals and hour markers’ small seconds at 9 o’clock

Price: $21,900

Learn More: Here

P.5000 In-House, Hand-Wound Movement (7 watches)

(Small seconds; no date; 8-day power reserve)

Luminor Base 8 Days – 44mm

Collection: Luminor

Model: PAM00560

Size: 44mm

Case Material: Black with luminous Arabic numerals and hour markers

Dial Color: Black dial (P.5000)

Price: $6,000

Learn More: Here

Luminor Base 8 Days – 44mm

Collection: Luminor

Model: PAM00562

Size: 44mm

Case Material: Titanium

Dial Color: Brown with luminous Arabic numerals and hour markers

Price: $6,700

Learn More: Here

Luminor Base 8 Days – 44mm

Collection: Luminor

Model: PAM00561

Size: 44mm

Case Material: White with Arabic numerals and luminous dots

Dial Color: White dial with numerals (P.5000)

Price: $6,000

Learn More: Here

Luminor Base 8 Days – 44mm

Collection: Luminor

Model: PAM00564

Size: 44mm

Case Material: Titanium

Dial Color: Brown with luminous Arabic numerals and hour markers; small Seconds at 9 o’clock

Price: $7,000

Learn More: Here

Luminor 8-Days – 44mm

Collection: Luminor

Model: PAM00510

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; small seconds at 9 o’clock

Price: $6,600

Learn More: Here

Luminor 8-Days – 44mm

Collection: Luminor

Model: PAM00590

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; seconds at 9 o’clock

Price: $6,600

Learn More: Here

Luminor 8-Days – 44mm

Collection: Luminor

Model: PAM00511

Size: 44mm

Case Material: Goldtech™ (rose gold)

Dial Color: Brown with luminous Arabic numerals and hour markers; small seconds at 9 o’clock

Price: $6,600

Learn More: Here

P.3000 In-House, Hand-Wound Movement (5 watches)

(Hours and minutes only; rapid adjustment of hour hand; 3-day power reserve)

Radiomir California – 47mm

Collection: Radiomir

Model: PAM00424

Size: 47mm

Case Material: Steel

Dial Color: Black with luminous Arabic and Roman numerals and hour markers

Price: $7,700

Learn More: Here

Radiomir SLC – 47mm

Collection: Radiomir

Model: PAM00425

Size: 47mm

Case Material: Steel

Dial Color: Black with luminous hour markers

Price: $7,700

Learn More: Here

Radiomir – 48mm

Collection: Radiomir

Model: PAM00577

Size: 48mm

Case Material: Black ceramic

Dial Color: Black with luminous hour markers

Price: $11,200

Learn More: Here

Luminor – 47mm

Collection: Luminor

Model: PAM00372

Size: 47mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers

Price: $9,100

Learn More: Here

Luminor Left-Handed – 47mm

Collection: Luminor

Model: PAM00557

Size: 47mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers

Price: $9,500

Learn More: Here

P.3001 In-House, Hand-Wound Movement (1 watch)

(Small seconds; rear power reserve gauge; 3-day PR)

Luminor Marina – 47mm

Collection: Luminor

Model: PAM00422

Size: 47mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; seconds at 9 o’clock

Price: $9,600

Learn More: Here

P.3002 In-House, Hand-Wound Movement (1 watch)

(Hand-wound; small seconds; rear power reserve gauge on dial; 3-day PR)

Luminor Power Reserve – 47mm

Collection: Luminor

Model: PAM00423

Size: 47mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; seconds at 9 o’clock; power reserve indicator at 4 o’clock

Price: $9,700

Learn More: Here

In-House, Hand-Wound GMT Movements

(3 movements, 5 watches)

P.2002 In-House, Hand-Wound GMT Movement (2 watches)

(Hand-wound; small seconds; date; 12/24-hour GMT; rapid local hour hand setting; power reserve gauge on dial; 8-day power reserve)

These are “true GMTs” in the sense that one can jump the hour hand of the local time without disrupting the movement in any other way. The 8-day power reserve is indicated on the dial in a handsome horizontal gauge just above 6-o’clock.

Luminor 8-Days GMT – 44mm

Collection: Luminor

Model: PAM00233

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; date at 3 o’clock; seconds and 24h indicator at 9 o’clock; linear power reserve indicator at 6 o’clock (P.2002)

Price: $12,300

Learn More: Here

Luminor 8-Days – 44mm

Collection: Lumninor

Model: PAM00576

Size: 44mm

Case Material: Goldtech

Dial Color: Brown with luminous Arabic numerals and hour markers; date at 3 o’clock; seconds and 24h indicator at 9 o’clock; linear power reserve indicator at 6 o’clock (P.2002)

Price: $28,300

Learn More: Here

P.2002/E In-House, Hand-Wound GMT Movement (2 watches)

(Hand-wound, 8-Day GMT; equation of time complication; rear power reserve gauge)

Equation of time complications run a separate time-keeping mechanism that displays “solar time,” which drifts as much as 15 minutes from regulated clock time over the course of the year due to the elliptical shape of the Earth’s orbit around the sun.

Luminor Equation of Time – 47mm

Collection: Luminor

Model: PAM00670

Size: 47mm

Case Material: Titanium

Dial Color: Blue with luminous Arabic numerals and hour markers; seconds at 9 o’clock; date and month indicator at 3 o’clock; Equation of Time indicator at 6 o’clock (P.2002/E)

Price: $21,600

Learn More: Here

Luminor Equation of Time – 47mm

Collection: Luminor

Model: PAM00656

Size: 47mm

Case Material: Titanium

Dial Color: Brown with luminous Arabic numerals and hour markers; seconds at 9 o’clock; date and month indicator at 3 o’clock; Equation of Time indicator at 6 o’clock (P.2002/E)

Price: $21,600

Learn More: Here

Hand-Wound Complications

(5 movements, 13 watches)

In horology, a complication is any additional function beyond telling time, such that even a date window qualifies. However, when enough complexity is involved, we often hear the phrase “grand complication,” the qualifications for which horology scholars still debate to some degree. Panerai’s Haute Horology department is responsible for their most complex movements.

P.2004 In-House, Hand-Wound Monopusher Chronograph GMT Movement (1 watch)

(Hand-wound, monopusher chronograph; GMT)

A monopusher uses the same button to start, stop, and reset the timer. While some would argue that the pusher should be mounted in the center of the crown for true impact of this elegant design, it would have made no sense on a Luminor with an enormous crown lock, so Panerai opted to put it at 8-o’clock.

Luminor Chrono Monopulsante 8-Days GMT – 44mm

Collection: Luminor

Model: PAM00317

Size: 44mm

Case Material: Black ceramic

Dial Color: Black with luminous Arabic numerals and hour markers; minute counter at 3 o’clock; seconds and 24h indicator at 9 o’clock; linear power reserve indicator at 6 o’clock; central chronograph hand

Price: $21,5000

Learn More: Here

P.2006/3 Hand-Wound, Split-Second Chronograph (2 Watches)

Also called a rattrapante (which means “catch up” in French), a split-second chronograph allows one to grab a lap time by stopping a hand that “splits” off from behind the main timing hand. When you reset the timer, that second hand catches up to the main one to hide behind it again.

Luminor 1950 Rattrapante 8-Days Titanio – 47mm

Collection: Luminor

Model: PAM00427

Size: 47mm

Case Material: Titanium

Dial Color: Black with luminous dots and hour markers; minute counter at 3 o’clock; seconds at 9 o’clock; linear power reserve indicator at 6 o’clock; central chronograph and split-second hands; chronograph seconds scale on the outer edge

Price: $22,500

Learn More: Here

Luminor 1950 Rattrapante 8-Days Ororosa

Collection: Luminor

Model: PAM00319

Size: 47mm

Case Material: Pink gold

Dial Color: Brown with luminous Arabic numerals and hour markers; minute counter at 3 o’clock; seconds at 9 o’clock; linear power reserve indicator at 6 o’clock; central chronograph and split-seconds hand

Price: $39,100

Learn More: Here

P.2005 In-House, Hand-Wound Tourbillion Movement (2 watches)

(Small seconds; tourbillion; 12/24-hour GMT; rear power reserve gauge; rapid hour hand setting; 6-day power reserve)

By setting the escapement and balance wheel inside a rotating cage called a tourbillion, the effects of gravity are more evenly distributed, thus improving the accuracy of the movment. Tourbillions are haute horlogy’s poster child, and while they’re famously touted as the most complex of complications, Hodinkee’s Jack Forester recently set that straight for us, claiming that, in fact, a split second chronograph is the harder machine to build. Nonetheless, offering an in-house tourbillion puts Panerai into some thin air.

Radiomir Tourbillon – 42mm

Collection: Radiomir

Model: PAM00077

Size: 42mm

Case Material: Platinum

Dial Color: Skeleton dial with hours; minutes; and exposed tourbillon

Price: $203,700

Learn More: Here

Luminor 1950 Tourbillon GMT Titanio – 47mm

Collection: Luminor

Model: PAM00578

Size: 47mm

Case Material: Titanium

Dial Color: Skeletonized with exposed hours; minutes; small seconds; GMT; 24h indicator; power reserve indicator on the back; tourbillon

Price: $143,000

Learn More: Here

P.9100 In-House, Automatic Flyback Chronograph Movement (6 watches)

(Small seconds; date; large rotor; rapid adjustment of local time; flyback chronograph)

Flyback chronographs allow the user to instantly reset the stopwatch function without stopping the mechanism. Used primarily for lap-timing, this function has been popular among those timing races of all kinds, but especially automotive ones.

Luminor Chrono Fkyback – 44mm

Collection: Luminor

Model: PAM00524

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; date at 3 o’clock; seconds at 9 o’clock; central chronograph seconds and minutes hands

Price: $11,200

Learn More: Here

Luminor Chrono Flyback – 44mm

Collection: Luminor

Model: PAM00525

Size: 44mm

Case Material: Goldtech™

Dial Color: Black with luminous Arabic numerals and hour markers; date at 3 o’clock; seconds at 9 o’clock; central chronograph seconds and minutes hands

Price: $27,200

Learn More: Here

Luminor Chrono Flyback – 44mm

Collection: Luminor

Model: PAM00580

Size: 44mm

Case Material: Black ceramic

Dial Color: Black sandwich dial with luminous Arabic numerals and hour markers; date at 3 o’clock; seconds at 9 o’clock; central chronograph seconds and minutes hands

Price: $14,700

Learn More: Here

Luminor Yachts Challenge – 44mm

Collection: Luminor

Model: PAM00654

Size: 44mm

Case Material: Steel

Dial Color: Ivory with luminous hour markers and dots; chronograph hour counter at 3 o’clock; small seconds at 9 o’clock; central chronograph seconds and minute hands

Price: $12,300

Learn More: Here

Luminor Yahcts Challenge – 44mm

Collection: Luminor

Model: PAM00653

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals; chronograph counter at 3 o’clock; small seconds at 9 o’clock; central chronograph seconds and minute hands

Price: $12,300

Learn More: Here

Submersible Chrono Guillaume Nery Edition – 47mm

Collection: Submersible

Model: PAM00982

Size: 47mm

Case Material: Titanium

Dial Color: Shark grey with luminous hour markers and dots; chronograph hour counter at 3 o’clock; small seconds at 9 o’clock; central chronograph seconds and minute hands

Price: $19,4000 (Alt colorway as PAM00615)

Learn More: Here

P9100/R In-House, Automatic Flyback Chronograph Yacht Timer (2 watches)

(Small seconds; flyback chronograph; regatta countdown timer; rapid adjustment of local time; 3-day power reserve)

Adding a 10-minute regatta countdown timer may not sound too difficult, but it turns out to be one of the more challenging complications to achieve properly.

Luminor Regatta Chrono Flyback – 47mm

Collection: Luminor

Model: PAM00526

Size: 47mm

Case Material: Titanium

Dial Color: Black with luminous Arabic numerals and hour markers; chronograph hour counter at 3 o’ clock; seconds at 9 o’clock; central chronograph seconds and minutes hands

Price: $17,200

Learn More: Here

Luminor Regatta Chrono Flyback – 47mm

Collection: Luminor

Model: PAM00652

Size: 47mm

Case Material: Titanium

Dial Color: Black with luminous Arabic numerals and hour markers; chronograph hour counter at 3 o’clock; small seconds at 9 o’clock; central chronograph seconds and minutes hands

Price: $17,200

Learn More: Here

Auto-Winding, Three-Hand Movements

(3 movements, 21 watches)

P.4000 In-House Automatic Movement (6 Watches)

(Small seconds; no date; micro rotor; 3-day power reserve)

Radiomir – 42mm

Collection: Radiomir

Model: PAM00655

Size: 42mm

Case Material: Steel

Dial Color: White with Arabic numerals and luminous dots; small seconds at 9 o’clock

Price: $10,000

Learn More: Here

Radiomir – 45mm

Collection: Radiomir

Model: PAM00572

Size: 45mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; seconds at 9 o’clock

Price: $10,200

Learn More: Here

Radiomir – 42mm

Collection: Radiomir

Model: PAM00620

Size: 42mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; small seconds at 9 o’clock

Price: $10,000

Learn More: Here

Radiomir – 45mm

Collection: Radiomir

Model: PAM00619

Size: 45mm

Case Material: Steel

Dial Color: Brown with luminous Arabic numerals and hour markers; seconds at 9 o’clock

Price: $10,700

Learn More: Here

Luminor Due – 45mm

Collection: Luminor

Model: PAM00674

Size: 45mm

Case Material: Steel

Dial Color: Sun-brushed black with luminous Arabic numerals and hour markers; small seconds at 9 o’clock

Price: $10,500

Learn More: Here

Lumoinor Due – 45mm

Collection: Luminor

Model: PAM00729

Size: 45mm

Case Material: Titanium

Dial Color: Sun-brushed blue with luminous Arabic numerals and hour markers; small seconds at 9 o’clock

Price: $11,200

Learn More: Here

P.4000/10 In-House Automatic Movement (2 Watches)

(Skeletonized; small seconds; no date; micro rotor; 3-day power reserve)

Luminor Due – 45mm

Collection: Luminor

Model: PAM00739

Size: 45mm

Case Material: Steel

Dial Color: Anthracite sun-brushed with luminous Arabic numerals and hour markers; small seconds at 9 o’clock

Price: $14,300

Learn More: Here

Luminor Due – 45mm

Collection: Luminor

Model: PAM00675

Size: 45mm

Case Material: Goldtech™

Dial Color: Anthracite sun-brushed with luminous Arabic numerals and hour markers; small seconds at 9 o’clock

Price: $25,500

Learn More: Here

P.9010 In-House Movement (15 Watches)

(Small seconds; date; large rotor; 3-day power reserve)

Luminor Marina – 42mm

Collection: Luminor

Model: PAM01523

Size: 42mm

Case Material: Steel

Dial Color: White with Arabic numerals and luminous dots markers; date at 3 o’clock, seconds at 9 o’clock

Price: $7,400

Learn More: Here

Luminor Marina – 44mm

Collection: Luminor

Model: PAM01499

Size: 44mm

Case Material: Steel

Dial Color: White with Arabic numerals and luminous dot markers; date at 3 o’clock; seconds at 9 o’clock

Price: $7,500

Learn More: Here

Luminor Marina – 42mm

Collection: Luminor

Model: PAM01392 (sn steel bracelet as PAM00722 for $8,400)

Size: 42mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; date at 3 o’clock; small seconds at 9 o’clock

Price: $7,400

Learn More: Here

Luminor Marina – 44mm

Collection: Luminor

Model: PAM01359

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals; date at 3 o’clock; small seconds at 9 o’clock

Price: $7,500

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Luminor Marina – 44mm

Collection: Luminor

Model: PAM01312 (On steel bracelet as 00723 for $8,500)

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; date at 3 o’clock and small seconds at 9 o’clock

Price: $7,500

Learn More: Here

Luminor Marina Carbotech – 44mm

Collection: Luminor

Model: PAM00661

Size: 44mm

Case Material: Carbotech

Dial Color: Black with luminous Arabic numerals and dots; date at 3 o’clock; small seconds at 9 o’clock

Price: $11,800

Learn More: Here

Luminor Marina – 44mm

Collection: Luminor

Model: PAM01351

Size: 44mm

Case Material: Titanium

Dial Color: Brown with luminous Arabic numerals and hour markers; date at 3 o’clock; seconds at 9 o’clock

Price: $7,500

Learn More: Here

Submersible – 42mm

Collection: Submersible

Model: PAM00682 (also available in blue colorway as PAM00959)

Size: 42mm

Case Material: Steel

Dial Color: Black with luminous hour markers and dots; date at 3 o’clock, seconds at 9 o’clock

Price: $8,700

Learn More: Here

Submersible – 42mm

Collection: Submersible

Model: PAM00684

Size: 42mm

Case Material: Rose gold

Dial Color: Black with applied luminous hour markers; date at 3 o’clock; seconds at 9 o’clock

Price: $26,700

Learn More: Here

Submersible BMG Tech – 47mm

Collection: Submersible

Model: PAM00692 (also available in alt colorway as PAM00799)

Size: 47mm

Case Material: BMG-TECH

Dial Color: Blue with luminous hour markers and dots; date at 3 o’clock; small seconds at 9 o’clock

Price: $13,300

Learn More: Here

Submersible – 47mm

Collection: Submersible

Model: PAM01305 (in steel as PAM01024)

Size: 47mm

Case Material: Titanium

Dial Color: Black with luminous hour markers and dots; date at 3 o’clock; seconds at 9 o’clock

Price: $9,500

Learn More: Here

Submersible Carbotech – 47mm

Collection: Submersible

Model: PAM00616 (slso available in alt colorways as PAM01616 and PAM00979)

Size: 47mm

Case Material: Carbotech

Dial Color: Black with applied luminous Arabic numerals and dots. Date at 3 o’clock, small seconds at 9 o’clock

Price: $17,100

Learn More: Here

Luminor Marina – 42mm

Collection: Luminor

Model: PAM00977

Size: 42mm

Case Material: Steel

Dial Color: Silver vertical brushed with luminous Arabic numerals and hour markers; date at 3 o’clock; small seconds at 9 o’clock

Price: $8,400

Learn More: Here

Submersible Luna Rossa – 47mm

Collection: Submersible

Model: PAM01039

Size: 47mm

Case Material: Carbotech

Dial Color: Dark grey sail with luminous hour markers and dots; date at 3 o’clock; small seconds at 9 o’clock

Price: $21,600

Learn More: Here

Submersible Bronzo – 47mm

Collection: Submersible

Model: PAM00968

Size: 47mm

Case Material: Bronze

Dial Color: Brown with luminous hour markers and dots; date at 3 o’clock; small seconds at 9 o’clock

Price: $16,500

Learn More: Here

Auto-Winding GMTs

P.4001 In-House GMT Movement (1 watch)

(Small seconds; date; 12/24-hour GMT; rear PR gauge; rapid local time adjustment; micro rotor; 3-day power reserve)

Radiomir GMT – 45mm

Collection: Radiomir

Model: PAM00657

Size: 45mm

Case Material: Steel

Dial Color: Black with vertical stripes; luminous Arabic numerals and hour markers; date at 3 o’clock; small seconds and 24h indicator at 9 o’clock

Price: $11,700

Learn More: Here

P.4002 In-House GMT Movement (1 watch)

(Small seconds; date; 24-hour GMT; rapid local time adjustment; micro rotor; power reserve gauge on dial; 3-day power reserve)

Radiomir GMT Power Reserve – 45mm

Collection: Radiomir

Model: PAM00628

Size: PAM00628

Case Material: Steel

Dial Color: Black with Paris Hobnails; luminous Arabic numerals and hour markers; date at 3 o’clock, power reserve indicator at 5 o’clock; seconds and 24h indicator at 9 o’clock

Price: $11,900

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P.9011 In-House GMT Movement (2 watches)

(Small seconds; date; 12-hour GMT on central hand; rear power reserve gauge; rapid local time adjustment; 3-day power reserve)

Luminor GMT – 42mm

Collection: Luminor

Model: PAM01535

Size: PAM01535

Case Material: Steel

Dial Color: Black with Paris hobnails; luminous Arabic numerals and hour markers; date at 3 o’clock; seconds at 9 o’clock

Price: $8,600

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Luminor GMT – 44mm

Collection: Luminor

Model: PAM01320

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; date at 3 o’clock; seconds at 9 o’clock

Price: $8,700

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P.9012 In-House Movement (2 watches)

(Small seconds; date; 12-hour GMT on central hand; rapid local time adjustment; power reserve gauge on dial; 3-day power reserve)

Luminor GMT Power Reserve – 42mm

Collection: Luminor

Model: PAM01537

Size: 42mm

Case Material: Steel

Dial Color: Black with Paris hobnails; luminous Arabic numerals and hour markers; date at 3 o’clock; seconds at 9 o’clock; power reserve indicator at 5 o’clock

Price: $9,000

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Luminor GMT Power Reserve – 44mm

Collection: Luminor

Model: PAM01321

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; date at 3 o’clock; seconds at 9 o’clock; power reserve indicator at 5 o’clock

Price: $9,100

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P.9003 In-House 24-hour GMT Movement (1 watch)

(Small seconds; date; 24-hour GMT; rear power reserve gauge; rapid local time adjustment)

Luminor GMT – 44mm

Collection: Luminor

Model: PAM00531

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markes; date at 3 o’clock and seconds at 9 o’clcok; 24 hours GMT scale on the outer part

Price: $9,200

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P.2003 In-House, Automatic GMT Movement (2 watches)

(Small seconds; date; 24-hour GMT; rapid hour hand adjustment for local time; power reserve gauge on dial; 10-day power reserve; large rotor)

Luminor GMT 10 Days – 44mm

Collection: Luminor

Model: PAM00533

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; date at 3 o’clock; GMT indicator at 9 o’clock; linear power indicator at 6 o’clock

Price: $13,400

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Luminor GMT 10 Days – 44mm

Collection: Luminor

Model: PAM00335

Size: 44mm

Case Material: Ceramic

Dial Color: Black with luminous Arabic numerals and hour markers; date at 3 o’clock; seconds and 24h indicator at 9 o’clock; linear power reserve indicator at 6 o’clock

Price: $17,100

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Unitas/ETA-Base OP Movements

(5 calibers, 10 watches)

When watch folks talk about a “base movement,” they’re talking about off-the-shelf units from third party suppliers which another watch comapany modifies and, often, offers up with their own branding and calibre number. It’s akin to, say, Land Rover using a Ford engine block and building around it. Panerai is generally able to offer relatively better pricing on these models compared to in-house movements.

Panerai currently uses either Unitas or ETA 6497 base movements, and these watches have solid case backs, thus blocking the view of someone else’s handiwork. While some will turn up their noses at these third-party movements, keep in mind that this is how the vast majority of mechanical watches have been made since the Industrial Revolution, and that Panerai has an esteemed history of using third-party movements from Rolex (which sell at auction for not-so-small fortunes). This practice is far from horological heresy, and it offers good value.

OPI Hand-Wound Movement (3 watches)

(Time-only; no seconds hand)

Luminor Base Logo – 44mm

Collection: Luminor

Model: PAM00774

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers

Price: $4,750

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Luminor Base Logo – 44mm

Collection: Luminor

Model: PAM00773

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers

Price: $4,750

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Luminor Base Logo – 44mm

Collection: Luminor

Model: PAM00775

Size: 44mm

Case Material: Steel

Dial Color: White with Arabic numerals and luminous dots

Price: $4750

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OPII Hand-Wound Movement (2 watches)

(Time only; small seconds)

Luminor Logo – 44mm

Collection: Luminor

Model: PAM00778

Size: 44mm

Case Material: Steel

Dial Color: White with Arabic numerals and luminous dots; small seconds at 9 o’clock

Price: $5,000

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Luminor Logo – 44mm

Collection: Luminor

Model: PAM00776

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic and roman numerals and hour markers

Price: $5,000

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OPXXX Auto-Winding Movement (3 watches)

(Small seconds; date)

Luminor – 40mm

Collection: Luminor

Model: PAM01048

Size: 40mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; date at 3 o’clock and seconds at 9 o’clock

Price: $6,800

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Luminor – 44mm

Collection: Luminor

Model: PAM01104

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and hour markers; date at 3 o’clock; seconds at 9 o’clock

Price: $7,000

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Submersible – 44mm

Collection: Submersible

Model: PAM01024

Size: 44mm

Case Material: Steel

Dial Color: Black with applied luminous dots and Arabic numerals; date at 3 o’clock; seconds at 9 o’clock

Price: $7,200

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OPXXXI Auto-Winding GMT Movement (1 watch)

(Small seconds; date; 24-hour GMT on central hand)

Luminor GMT – 44mm

Collection: Luminor

Model: PAM01088

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and markers’ 24h indication on the edge; date at 3 o’clock; seconds at 9 o’clock

Price: $7,500

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OPXXXII Automatic Movement with Power Reserve (1 watch)

(Small seconds; date; power reserve gauge on dial)

Lumior Power Reserve – 44mm

Collection: Luminor

Model: PAM01090

Size: 44mm

Case Material: Steel

Dial Color: Black with luminous Arabic numerals and markers; date at 3 o’clock; seconds at 9 o’clock; power reserve indicator at 5 o’clock

Price: $7,900

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