History of Panerai Wrist Watches

8 Sep

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Luxury watches are very famous around the world for their elegant, classy look and unique features. Though all the watches show the same time but luxury watches have their importance as they have unique features. The only problem with luxury watches is their expensive prices. There is a perfect alternate in the form of Replica Panerai watches with all the features of a luxury watch. The best thing about Replica Panerai watches is that they are affordable as compared to luxury watches.

History of Panerai Watches

In 1860, Giovanni Panerai founded Officine Panerai in Florence, Italy. The founder’s grandson Guido Panerai led the company with his excellent leadership qualities and in 1900; Officine Panerai became the official supplier to the Italian Navy. The Panerai watches at that time were manufactured and designed by Panerai and their movement was made by Swiss watch manufacturers such as Rolex SA. In between 1939 and 1993, this watch company produced about 300 watches and wrist worn diving instruments for the Italian Marina Militare. Soon the company ceased to supply the watches to the Marina Militare as they did not meet the naval specification. After that, they launched their products in the civilian market.  The Hollywood star actor Sylvester Stallone spotted Panerai watch at Rome in 1995, and he used it during the shooting of his movie named Daylight. After that, he ordered some watches of Panerai with his signature at the back case which was called Slytech and gifted them to some of his friends. The watch became highly popular and caught the attraction of the people. The rising popularity of the brand caught the attention Richemont in 1997. Richemont rebranded Panerai watch as luxury watch brand and also increased its prices accordingly.

Products of Panerai

Panerai has four main lines of watches which include Contemporary, Historical, Manufacture and special additions.  Most of the watches are released in a limited run of 500 to 4000 units that carry an issue number on its case back. This watch company releases a Special Edition almost every year. Panerai produced the 1936 California Dial Radiomir special edition in 2006; it was a reissue of the very first Panerai model that was presented to the Italian Marina Militare.  The watch model was limited to a run of 1936 units. The company makes various watches as either special or limited editions and produces the fewer watches intentionally that the market demands to main their image of exclusivity. This feature allows them to maintain their high prices due to demand. Ferrari and Panerai signed an agreement of five years to manufacture, design and distribute Panerai watches with the display trademark of Ferrari. This collection was tagged with a brand of Ferrari engineered by Panerai and consisted of two product lines: the aggressively sporty Scuderia and the elegant Granturismo. They were not shared with other model Panerai watches due to their unique cases. The Ferrari engineered by Panerai failed to achieve a high selling target after their initial release and were offered with discounted prices. The agreement between Ferrari and Panerai expired in 2010 and was not renewed. The top most expensive and famous models of Panerai are:

  1. Panerai Kampfschwimmer Watch  $ 1 million
  2. Panerai Slytech Watch  $ 400,000
  3. Panerai Marina Militare Black Seal watch $ 400,000
  4. Panerai Luminor 1950 Tourbillon Equation of Time Watch $ 240,400
  5. Panerai Limited Edition L’Astronomo Luminor Tourbillon 1950 Equation of Time Watch $ 235,000
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