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California Dial

Mixed Roman / Arabic numeral dial: Rolex Bubble Back 1934, Panerai Italian Royal Navy 1939, modern Panerai Radiomir.

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Richemont

Geneva luxury holding group founded 1988 by Johann Rupert. Owns Cartier, IWC, JLC, A. Lange & Söhne, Vacheron, Panerai, Piaget. Largest haute-horlogerie portfolio in the industry.

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Panerai Luminor Firenze 8 Giorni PAM01794: 100 Years of the Florence Boutique, One Very Special Limited Edition

A boutique centenary gives Panerai an excuse to go deep on heritage, and for once, it actually lands.

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Radiomir Panerai

The 1936 Italian Navy frogman watch that invented the oversized dive case.

Panerai Introduces the Luminor GMT ION Singapore Edition PAM 1177 SJX Watches
Panerai Introduces Oct 1, 2020

Panerai Introduces the Luminor GMT ION Singapore Edition PAM 1177

A limited edition created to mark the opening of the revamped Panerai boutique in Singapore – which is now almost a decade old, having opened in 2011 – the Luminor GMT ION Special Edition PAM01177 is a variation on the standard-production PAM01033. Featuring a 44 mm case, it’s accented in red, the key colour of the Singapore national flag, and bears the island nation’s emblem on the case back. Initial thoughts The highlight of the new Luminor GMT are aesthetic tweaks – although Panerai is doing a red crown for the first time here. It is not majorly different, but the design is on point for a sports watch, with the red elements easily blending in without disrupting the typical clean style of the Luminor. Despite the simplicity of the colour palette, it manages to stand apart from most current sports watches because it avoids being blue, the colour that’s all the rage now. And it is very much a contemporary Panerai in style, doing away with the heavily-traditional designs of the brand’s historically-inspired models. With the tweaks being modest, it is priced reasonably as such things go. This costs S$13,850, about 7%, or S$900, over the standard PAM01033. But it’s worth keeping in mind the P.9010 inside the ION edition is a noticeably simpler movement than the P.9011 found in the PAM01033, lacking the power reserve indicator on the back for instance. Overall, it is a good-looking sports watch, though the simpler movement is a bit of a downer. Singapore deta...

Panerai Introduces the Luminor Blu Mare 44 mm PAM01085 SJX Watches
Panerai Introduces Jul 20, 2020

Panerai Introduces the Luminor Blu Mare 44 mm PAM01085

Perhaps the most recognisable Panerai is the Luminor Marina 44 mm. A modern-day creation inspired by a vintage military-issue watch, the Luminor Marina was introduced in 1993, and a decade later became one of the watches that kickstarted the fashion for bigger watches. While the Luminor Marina was historically all about black dials for a no-nonsense military look, Panerai has been injected more colour into the line up for a civilian-friendly style. The new Luminor Blu Mare 44 mm PAM01085 – blu mare translate as “blue sea” – retains the traditional design codes of the Luminor plus a fashionable blue dial. Initial thoughts While earlier Luminor models like the PAM1663 and the PAM1033 have had blue dials, but the new Luminor is arguably the cleanest, harking back to the entry-level Luminor Marina “Logo” of about a decade ago. The blue is metallic, subdued and finished with a radial-brushed finish that’ll definitely catch the light nicely. A colour that’s been in vogue for a couple of years, the blue dial gives the Luminor Blu Mare a slightly more elegant and contemporary feel than the typical Panerai, a useful quality for someone who likes the functional Panerai design but prefers lighter colour palette. The design, however, is strictly traditional. With the vintage originals designed as functional instruments for navy frogmen of the Second World War, the new Luminor is expectedly utilitarian, with large, eminently simple hands and indices – very much the ...

Business News: Richemont Sales Halve in First Quarter of 2020 SJX Watches
Panerai suffered from widespread store Jul 16, 2020

Business News: Richemont Sales Halve in First Quarter of 2020

Just days after the Swatch Group posted dismal half-year results, Richemont reported predictably poor sales for its first quarter, with revenue falling 47% to €1.99 billion compared to a year earlier. Like its rival the Swatch Group, Richemont was hit hard by the COVID-19 pandemic. The owner of almost two dozen watch and jewellery brands, including Cartier, IWC and Panerai, suffered from widespread store and distribution centre closures, a worldwide halt in tourism, and dampened consumer interest in many of markets, although China was a bright spot. Degrees of resilience The group’s business across the world was affected to varying degrees from region to region, depending on a combination of factors, namely the duration of closures, tourist spending, and spending of the domestic buyers. Although Richemont reported double-digit sales declines across all regions, distribution channels and business areas, the decreases were less pronounced in the Middle East, Africa, and Asia Pacific – the latter benefitted from a 47% year-on-year growth in sales in China, which exited its lockdown earlier than the rest of the world. China’s performance helped keep sales in the Asia Pacific resilient, to a degree. Sales in the region decreased by 29% at actual exchange rates to €277m, declining in all Asian markets, except China. Amongst the hardest hit were Japan and the Americas, where sales dropped 62% and 60% respectively due to widespread closure. The 2020 Cartier Privé Tank...

VIDEO: Highlights of the 2020 Panerai collection, including the watch with a warranty that will probably out-live you Time+Tide
Panerai collection including Jul 13, 2020

VIDEO: Highlights of the 2020 Panerai collection, including the watch with a warranty that will probably out-live you

96. That’s how old I’ll be when the warranty on one of these watches runs out. This year is all about the Luminor in the 2020 Panerai collection, with a number of exciting new references that have been released so far. We focus on two highlights within the collection, the Panerai Luminor Marina PAM01117 and … ContinuedThe post VIDEO: Highlights of the 2020 Panerai collection, including the watch with a warranty that will probably out-live you appeared first on Time+Tide Watches.

INTRODUCING: The Panerai Luminor Marina PAM01313, where a dressy blue dial meets a proper diver Time+Tide
Panerai Luminor Marina PAM01313 where Jun 30, 2020

INTRODUCING: The Panerai Luminor Marina PAM01313, where a dressy blue dial meets a proper diver

This year appears to be Year of the Luminor for Panerai. Having redefined the warranty with the lavishly lumed and 3D printed PAM01117, the introduction of the Panerai Luminor Marina PAM01313 sees a bit more restraint return, with classic Luminor design cues but a similarly luscious blue sunburst dial. With its technologically impressive three-day movement, … ContinuedThe post INTRODUCING: The Panerai Luminor Marina PAM01313, where a dressy blue dial meets a proper diver appeared first on Time+Tide Watches.

Panerai Luminor Due Pam 00926 - Hands on review WatchAdvice
Panerai Luminor Due Pam 00926 Jun 30, 2020

Panerai Luminor Due Pam 00926 - Hands on review

Panerai take the Luminor from the beach to the boardroom with the 38mm Luminor Due, but does it work? No brand has contributed to the proliferation of the over sized watch trend of the 2000’s more than Panerai. Known for pushing the upper limits of wearability, Stallone excepted, the Firenze based manufacture has routinely pumped out watches with 47 and even 50mm cases. In fact, the standard Panerai case size is a meaty 44mm, and that’s not taking into account the brands most recognisable feature, the crown guard. It’s a well established fact that Panerai watches are big and hardy. So, what happens when the brand takes their famous Luminor case and scales down to 38mm? Surely that’s just not Panerai, or is it? Recently I acquired the 38mm Panerai Luminor Due Pam00926, Panerai’s answer to the industries shift towards smaller case sizes. For reference, I have a 17cm wrist or about 6.7 inches in old money. Panerai has been a brand that like many of my small wristed brethren, I have admired from afar. The story of a late 19th century jewelery store in Firenze Italy, taking the dive into making their own watches with the help of Hans Wilsdorf, the founder of Rolex, has long captured my imagination. Panerai are a brand with significance in the watchmaking world at large, they developed radium paint which is the basis for all luminous materials used on dials today. Their signature Luminor crown guard was a big step in the road to true water resistance in wristwatches. W...

Omega Introduces Seamaster Planet Ocean 36th America’s Cup SJX Watches
Panerai until May 21, 2020

Omega Introduces Seamaster Planet Ocean 36th America’s Cup

The world’s most prestigious yacht race, the America’s Cup has been sponsored by a variety of watch brands, which was Panerai until the last instalment – and to confuse things even more, the competing teams each have their own watch sponsors. Having been a backer of defending champion Team New Zealand for the last two decades, Omega now back to being a sponsor of the entire event as official timekeeper for 36th America’s Cup that’ll take place in 2021 off the coast of Auckland in New Zealand. Since the last time Omega was the official race timekeeper was in 2003, the brand is marking the occasion with the Seamaster Planet Ocean 36th America’s Cup, no doubt the first of several editions for the event. Initial thoughts With event-specific limited editions being an Omega favourite, this isn’t going to be the only America’s Cup edition. At the same time, the red-white-and-blue livery has been used on other watches. In short, the Planet Ocean America’s Cup isn’t going to be a particularly unique edition. But the watch itself is a strong proposition. Omega watches usually offer good value for money, combining high-tech mechanical watchmaking and high-end materials, which is the case for the Planet Ocean line at large. Though the America’s Cup model is a limited edition, it costs only about 10% over the standard model. So if you want a Planet Ocean but want something a bit more special than the stock offering, this is a good choice. A high-spec instrument...

Business News: Richemont Fortifies Balance Sheet with €2 Billion Bond Sale SJX Watches
Panerai which make up about May 19, 2020

Business News: Richemont Fortifies Balance Sheet with €2 Billion Bond Sale

Having just announced its full-year results while predicting a gloomy outlook for the business, Richemont has successful placed €2 billion of bonds, with coupon ranging from 0.75% for the 8-year note to 1.625% for the 20-year note. The bond placement boosts the Swiss luxury group’s robust balance sheet, which had a gross cash position of €6.34 billion and a net cash position of €2.40 billion at the end of March 31, 2020. The notes received an A+ rating from credit ratings agency S&P;, which also lowered its outlook for Richemont from stable to negative, “citing the possibility of a downgrade if the coronavirus pandemic causes the company’s credit metrics to worsen”. Widely regarded as a savvy investor who transformed his family’s tobaccco-and-banking empire into an even larger one focused the “hard” luxury of watches and jewellery, Mr Rupert’s belief in the severity of the pandemic-induced recession is obvious. That, in turn, does not bode well for the luxury watch business. Richemont’s biggest earner is Cartier – the jewellery division is half the group’s turnover – it also owns a host of luxury watch brands, including A. Lange & Söhne, IWC, and Panerai, which make up about 20% of its sales. During Richemont’s earning conference call on May 15, Mr Rupert explained the bond issue: “We have always believed in protecting our balance sheet… For years, a lot of investment banks questioned us about that it’s a lazy balance sheet. But h...

Business News: Richemont Pessimistic After Weak Results SJX Watches
Panerai enjoyed “good sales performance” May 15, 2020

Business News: Richemont Pessimistic After Weak Results

Richemont’s fourth quarter was one of the victims of the COVID-19 pandemic, pulling down its results for the full year to end-March 2020. Even though the full year’s tally was not down substantially, Richemont chairman Johann Rupert was gloomy in his prediction for the coming year. China, the first country to recover from the pandemic, has “apparently returned to ‘business as usual’ remarkably quickly” and Richemont stores there are enjoying now “strong demand”. But because everywhere else is only partway through the crisis, the plain-speaking South African tycoon raised the possibility of “12, 24 or 36 months of grave economic consequences”, while halving the annual dividend to €1 a share to conserve cash. Johann Rupert. Photo – Richemont The Swiss luxury conglomerate, which owns brands like Cartier, IWC, and Panerai, enjoyed “good sales performance” until the fourth quarter, with its jewellery brands and online retail performing better than other divisions, including watchmaking, which has lagged for several quarters. At actual exchange rates, annual sales eked out a 2% rise to €14.2 billion, with most regions growing slightly, save for a 5% decline in Asia Pacific. Net profit fell 34%, excluding a one-off, non-cash gain due to a share revaluation the year prior. The declines were largely due to the fourth quarter, where Richemont took a massive hit. In the last quarter, sales fell by 18% globally, with Hong Kong crashing 67%. The group end...

INTRODUCING: The Panerai Luminor Marina PAM01117, a watch guaranteed to last for the full term of your natural life Time+Tide
Panerai Luminor Marina PAM01117 May 4, 2020

INTRODUCING: The Panerai Luminor Marina PAM01117, a watch guaranteed to last for the full term of your natural life

We often hear that mechanical watches last forever when given the love and attention they require. That’s part of the reason why they can command such high price tags, and even more in the long run when you factor in a service every five years, give or take. But really, we all know that a … ContinuedThe post INTRODUCING: The Panerai Luminor Marina PAM01117, a watch guaranteed to last for the full term of your natural life appeared first on Time+Tide Watches.

INTRODUCING: Seaside serenity with the Panerai Radiomir Mediterraneo collection Time+Tide
Panerai Radiomir Mediterraneo collection Apr 29, 2020

INTRODUCING: Seaside serenity with the Panerai Radiomir Mediterraneo collection

The translucent blue waters of the Mediterranean Sea often conjure images of beach towels draped over deckchairs, shade umbrellas and Aperol Spritz, offering sunbakers relief from a cloudless sky, and small fishing boats rocking back and forth not far from shore. It is this idyllic scene that Panerai has embraced with their latest collection of … ContinuedThe post INTRODUCING: Seaside serenity with the Panerai Radiomir Mediterraneo collection appeared first on Time+Tide Watches.

Panerai Introduces the Submersible EcoPangaea Tourbillon GMT PAM01108 SJX Watches
Panerai Introduces Apr 25, 2020

Panerai Introduces the Submersible EcoPangaea Tourbillon GMT PAM01108

With last year’s limited editions packaged with extreme adventures having sold well commercially, Panerai is once again offering a watch packaged with a once-in-a-lifetime experience, except that the timepiece is no longer merely a basic dive watch. Limited to just five pieces, the Submersible EcoPangaea Tourbillon GMT PAM01108 is equipped with a skeletonised movement featuring a second time zone and tourbillon. More unusually, the massive, 50 mm case of the PAM 1108 is fabricated from recycled steel. The EcoPangaea tourbillon has an unusual bezel milled to have its markings in relief Named EcoPangaea steel, the material is recycled from the discarded drive shaft of Pangaea, the 35 m sailboat owned by South African conservationist and explorer Mike Horn. The vessel has accompanied Mr Horn on various expeditions around the world, from Antarctica to the Amazon. Fittingly, the watch includes an Arctic adventure supervised by Mike Horn, which Panerai describes as “an opportunity to test your physical limits and witness the imperiled state of our ecosystem.” The perpendicular tourbillon The PAM 1108 is powered by the P.2005/T, a movement Panerai has used on several other skeleton-tourbillon watches. Hand-wound with a six-day power reserve, the P.2005/T incorporates a second time zone function with a central GMT hand, as well as the novel tourbillon at 10 o’clock. Unlike conventional tourbillons that rotate on the same plane as the dial, with the balance wheel oscilla...

Panerai Introduces the Luminor Marina Fibratech PAM 1663 SJX Watches
Panerai Introduces Apr 24, 2020

Panerai Introduces the Luminor Marina Fibratech PAM 1663

Having just debuted a Luminor with fancy “lume” and a sintered titanium case, Panerai is also unveiling another wristwatch in a novel material – the Luminor Marina Fibratech 44 mm PAM01663 with a basalt-fibre composite case. Having been the focus of research in recent years as a lower-cost and ecologically-friendly alternative to carbon-fibre composites, basalt-fibre composites are light, strong, fire-resistant, biodegradable, and more cost efficient, making them increasingly popular in the automotive and aerospace industries. The material starts with basalt rock that’s ground up, melted, and then formed into fibres. As with carbon-fibre composites, the basalt fibres are then mixed in a liquid polymer and baked in a special high-pressure oven, or autoclave, forming the composite material that can be machined to the desired shape. Used for the first time in watchmaking with the Luminor Marina Fibratech, basalt-fibre composite is used for the case and crown-lock bridge, while the bezel, crown, and crown-lock lever are made of carbon-fibre composite (or Carbotech in Panerai parlance), giving the case a two-tone appearance with the carbon-fibre composite several shades darker than its basalt-fibre counterpart. And as is usual for watch cases made of composite materials, the screw-down case back is titanium and screws into an inner case of titanium. Under the titanium back is the P.9010, a thin, in-house automatic with a three-day power reserve. In keeping with current...