Italian Stallions

The Complete Panerai Buying Guide: Every Current Model Explained


April 30, 2019 Watches By Photo by Henry Phillips

Giovani 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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Radiomir SLC – 47mm

Collection: Radiomir
Model: PAM00425
Size: 47mm
Case Material: Steel
Dial Color: Black with luminous hour markers
Price: $7,700

Radiomir – 48mm

Collection: Radiomir
Model: PAM00577
Size: 48mm
Case Material: Black ceramic
Dial Color: Black with luminous hour markers
Price: $11,200

Luminor – 47mm

Collection: Luminor
Model: PAM00372
Size: 47mm
Case Material: Steel
Dial Color: Black with luminous Arabic numerals and hour markers
Price: $9,100

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Luminor Base Logo – 44mm

Collection: Luminor
Model: PAM00775
Size: 44mm
Case Material: Steel
Dial Color: White with Arabic numerals and luminous dots
Price: $4750

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

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

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

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

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

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

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

The Complete Buying Guide to Seiko

Every current model line explained. Read the Story

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