180. WATCH OF THE MONTH - PREOWNED LIMITED EDITION PANERAI LUMINOR SUBMERSIBLE PAM 00025 @RM 21,800 / USD 6,924/ EURO 5,490

Specifications:

Functions: hours, minutes, small seconds, date, calculation of immersion time.

Case: diameter 44 mm, brushed titanium.

Dial: black with Paris hobnails decoration

Bezel: titanium anti-clockwise uni-directional rotating bezel with scale graduated for measuring the duration of immersion and ratchet click at minute intervals.

Crystal: sapphire, formed of corundum, 3.5 mm thick, magnifying lens over the date at 3 o'clock with anti-reflective coating.

Strap: silicon with PANERAI personalised steel buckle. Comes with extra nylon strap.

Signed buckle

Signed deployant buckle

Movement: automatic mechanical, exclusive Panerai OP III calibre, 13¼ lignes, 21 jewels. Côtes de Genève decoration on the bridges. PANERAI personalised oscillating weight. Glucydur ® balance, 28,800 alternations/hour.

Incabloc ® anti-shock device.

Power reserve 42 hours.

Chronometer Certificate (C.O.S.C.).

Water-resistance: 30 bar (~300 meters).

Back: titanium.

Device protecting the crown: (protected as a Trade Mark) titanium.

Guaranteed authentic with serial number. The pre-owned watch comes with original Panerai outer and inner box, warranty certificate and manual.

Date of first purchase: 27th June 2009

Condition: Mint
Price:RM 21,800 / USD 6,924/ EURO 5,490 (negotiable)

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History of Panerai

Panerai was founded in 1860 in Florence by Giovanni Panerai (1825–1897). It later became the official supplier of the Royal Italian Navy and expanded to building precision instruments.

The company is famous for its Radiomir and Luminor watches, notable for their use by Italian commando frogmen, who relied upon their Panerai wristwatches to execute the sinking of Allied naval vessels in WWII.

The Florence-based watchmaker produced wrist worn diving instruments and about 300 watches, all for the Italian Marina Militare, between 1938 and 1993. By that time, the company ceased to provide watches to the Marina Militare, as they were no longer cost-effective nor did they meet the naval specifications.

It then moved to launch its products to the civilian market, but remained relatively obscure until the actor Sylvester Stallone spotted and bought a Panerai Luminor in a jewelry store in Rome in 1995 to wear during shooting of the film Daylight.

Stallone ordered a small batch of such watches with his signature on the case back, called Slytech. He offered them as gifts to friends, including Arnold Schwarzenegger. The watch gained rapid popularity, and Officine Panerai was eventually taken over by Richemont in 1997.

It should however be noted that the original Panerai were fitted with Rolex movements as worn by the Italian command frogmen. At auction and in the collectors market, some of these older models, particularly those produced in the 1940's and '50s have fetched high premiums.

Recent fashion changes and Panerai's success marketing large watches has also led other companies to introduce larger watches.