Top Panerai Watches to Buy and Invest in This Year (2024)

Introduction: Stretching back to 1860, Giovanni Panerai created his very own moment in time with the opening of his watch shop. Fast forward more than 150 years and he’s still doing the business. But what does the “Radiomir” inventor have in store? It’s time to reveal our pick of the best Panerai watches to buy and invest in 2023.

Dating back to the 19th Century, Panerai’s journey commenced when Signor Panerai opened his watch shop in Florence. He not only created and repaired watches but established the first school of watchmaking in the same city.

Patented in 1916, Panerai’s big claim to fame was his invention of “Radiomir”. Making Radium into a paste, he layered it to show through the hour markers on his watch. When it was discovered that it wasn’t very safe, it was replaced with a tritium based paint known as “Luminor”.

In 1936, Panerai was asked by the navy to create a tool watch for divers. The watch would need to be highly waterproof and offer plenty of lume when diving to deep levels. The luminosity was updated again in 2009 and was named Luminova.

With this military history behind the brand, Panerai is a unique and fascinating watchmaker that’s well worth investing in thanks to its military history. Here are some models to watch out for in 2023.

Luminor Marina

Top Panerai Watches to Buy and Invest in This Year (1)

Source: Esquire

For watch nerds looking to buy a Panerai watch, look no further than The Luminor Marina. One of the go to timepieces that watch buyers new to the Panerai brand may like, this looks set to be a popular investment.

The 44mm case is finished with AISI 316L brushed steel and benefits from a polished bezel. The dial has rich black tones featuring Arabic numbers located at 6, 9 and 12 o’clock. The date aperture sits nicely at the 3 o’clock position with a small seconds subdial at the 9 o’clock position.

The laser-cut dashes and numbers reveal the luminescence below the dial. Underneath the 12, you will find the words “Luminor Marina”. The word Marina indicates that there is a small seconds dial.

Setting the Time and Date

With a crown guard lever protecting the crown, The Panerai Luminor Marina also provides water resistance to an impressive 300 metres.

Manufactured from steel, release the lever to pull the crown out to the first position which changes the hour hand and date. The second crown position enables you to change both the minute and hour hands.

The Movement

This baby has an automatic and mechanical in-house movement P.9010. What’s more, you will find 31 jewels and an impressive 3 day power reserve.

The Strap

A black alligator leather strap is a snappy version that will entice newbies to this specific brand.

Panerai has a myriad of straps to choose from across a wealth of various materials and colours such as Scamosciato (suede) in dark brown, military green and Caoutchouc (natural rubber).

It might be a good idea to have a few to swap out depending on the look you want to achieve. Ideal as a dress watch or something to show off in the office, this Panerai has a simple, easy to change strap system.

Luminor Due Luna Goldtech

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Source: Swisswatches-magazine.com

Made of Goldtech and at just 38mm, this is one of the smaller and dressier Panerai watches.

As polished as a Rolling Stones performance, Goldtech is Panerai’s own combination of 18 carat gold. Combined with copper and platinum, it prevents the metal from oxidising over time. The gleaming sheen can be seen across the bezel and dial, giving this timepiece a beautiful rose-gold hue.

The striking blue moon-phase complication is located at 3 o’clock. The colour from the moon-phase complements the blue of the alligator leather strap. The seconds sub-dial is located at 9 o’clock but it’s the white Mother-of-Pearl dial that oozes refinement and elegance.

The 12 and 6 are Arabic numbers while the rest of the hour markers are batons with a gold application and Luminova. This makes them glow a mesmerising green in low light conditions. The hour and minute hands are also gold plated.

The Movement

A P900 calibre is housed within this fine watch with a 72 hour power reserve. But you won’t be diving like Jacques Cousteau with this timepiece as it only offers 50 metres (164 feet) of water resistance.

Radiomir Minute Repeater Tourbillon GMT

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Source: watchesbysjx.com

Measuring 49mm in diameter with Panerai’s highly polished Goldtech, this is a big, beautiful watch.

And at 10.35mm thick, it will look as sleek as David Beckham stepping out of the barbers. This one is not to be missed on the wrist. Don’t buy this watch if you don’t want people grabbing your wrist or twisting into embarrassing positions to get a peek at it.

But this watch has many distinctive features that it just can’t keep a secret. First up is the exhibition front and back allowing discerning watch fiends to view the movement from both sides.

The Chimes

Secondly, it chimes the hours and minutes on demand. Not too shabby Signor Panerai!

Not only that but depending on whether the watch is striking hours or minutes, there are different notes. There’s a low chiming sound for the hours, a medium-pitched note for ten-minute periods and a high-pitched tone for the minutes.

It is truly hypnotic especially when the chimes go to work.

The Dial

The hour markers are represented by Arabic numbers for the 3, 6, 9 and 12. There’s a 12-hour hand as well as a 24-hour hand for a second time zone. The small seconds hand is positioned at 9 o’clock.

The Movement

Powered by the hand-wound mechanical calibre P.2005/MR, The Radiomir PAM 00600 has a whopping 59 jewels, 96 hour power reserve and has 30 metres (98 feet) water resistance.

Luminor Regatta Chrono Flyback

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Source: www.analogshift.com

As manly as Gerard Butler running through the streets of Rome, this chronograph flyback watch pays tribute to Panerai’s military history.

With a 47mm circumference, The Luminor Regatta Chrono Flyback is less than 10mm thick. As for the case, this is constructed out of brushed titanium while the bezel is made from polished titanium. Of course, Panerai’s iconic crown guard lever comes as standard.

The Chronograph

This specific model has a small seconds counter situated at 3 o’clock with an hour counter at 9 o’clock. You will find not one but two centre hands (one blue, one orange) counting both minutes and seconds for the chronograph function.

Two pushers on the left act as start/stop and reset the chronograph hand and on the right, beneath the crown, is a pusher for the Regatta Countdown.

Between the 1 and 12 points on the watch are 5 orange minute markers. As you push the Regatta Countdown button, the minute hand will jump backwards by one minute for each push. When you’ve got the correct number of minutes, start the chronograph.

Regattas vary in the number of minutes counting down to start, depending on the rules of the competition. But you don’t have to be sailing competitively to wear this watch. You can use the countdown for anything you like.

The Dial

The dial has black with orange accents with Arabic numerals for the 12 and 6 and batons for all other hour markers.

The Movement

Powered by calibre P.9100R. This flyback has an automatic, mechanical movement encrusted with 37 jewels. The 3-day power reserve is a decent offering and can be submerged to depths of 100 metres (328 feet).

If you want to make a splash with your brand new Panerai, we would only recommend using it for swimming, snorkelling or water sports activities like sailing or surfing.

Panerai Submersible Forze Speciali Experience

For those wanting to buy a Panerai watch with a little machismo, this useful tool watch may just sway you.

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Source:monochrome-watches.com

Enter our next contender, the Panerai Submersible Forze Speciali Experience. This military-inspired design is a limited edition model with only 50 pieces produced. Therefore, it really is a hot horological property if you can get your mitts on one!

The watch design evokes certain military images such as a bird’s eye view of a helicopter, a portable military radio and the crosshairs of a rifle.

The Dial

A black dial with luminous dot-shaped hour markers is aesthetically pleasing.

Measuring 47mm in diameter, this watch gives first protection from bumps and scratches thanks to its DLC (Diamond Like Carbon) coating. This is rounded off with an anti-clockwise rotating bezel that’s marked at 5 minute intervals.

The 3 o’clock position has the chronograph hour counter subdial while the 9 o’clock point has a small seconds subdial. In addition there’s a chronograph seconds hand located at the dial’s centre.

The Movement

Powered by Panerai’s own P.9100/R automatic movement, it boasts 37 jewels with a 3-day power reserve. On the water resistance side, watch lovers can benefit from around 100 metres (328 feet).

The Bracelet

Made of natural rubber it sports a camouflage design of military fatigues in various shades of green.

Conclusion

So why would you want to buy a Panerai watch? You might be comparing Panerai watches to Rolex or Audemars Piguet and wondering which is the better investment. While investing in a Rolex is definitely the more famous brand, Panerai watches are rarer. Their designs are large, bold and easy on the eye.

Of the four collections Panerai offers, the Submersibles tend to hold or increase in value over the long-term. When you buy a watch, you want it to fit your lifestyle, your character - and your wrist! So make this decision first before reaching for that credit card.

Do you need a watch that can deep-dive? A second time-zone for travelling? An elegant watch for business or smart functions? Maybe you’re looking for a show-off timepiece such as the Radiomir Minute Repeater or the slightly understated yet elegant Luminor Marina? Any one of these picks would be a smart investment.

If you need guidance on which Panerai watch is best for you, contact the Chrono Hunter team for expert advice. Our highly knowledgeable team will guide you through the process about how to buy a Panerai watch. Benefit from personalised customer service and receive offers from a wide selection of the finest luxury watch retailers.

Further Reading:

Read more about Panerai’s history

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Top Panerai Watches to Buy and Invest in This Year (2024)

FAQs

Which Panerai to invest in? ›

For watch nerds intending to buy a Panerai watch, first up is The Luminor Marina. One of the go to timepieces that watch buyers new to the Panerai brand may like, this looks set to be a popular investment. The 44mm case is finished with AISI 316L brushed steel and benefits from a polished bezel.

Will Panerai watches increase in value? ›

Panerai watches can be a good investment. Many models, especially limited editions or those with historical significance, tend to hold or increase in value over time. However, like any investment in luxury goods, there are risks, and market trends can fluctuate.

What is the most sought after Panerai? ›

The 202A is considered a holy grail of Panerai collecting and when we are hunting for the most expensive Panerai watches today, the 202A and 201A have to be in the conversation. Only 140 of these timepieces was created in 1993- 1994.

Will Panerai hold value? ›

You may find that your now discontinued or rare Panerai could reel in some excellent resale figures and be more valuable than you originally thought. This is the scenario when it comes to the Panerai Luminor Marina which has seen its value rise over a long period of time.

What watches are likely to increase in value? ›

The best watch brands for investment are Rolex, Patek Philippe, and Audemars Piguet as they are prestigious, exclusive, high-quality brands. Watches by these brands often hold their value or appreciate in value over time. Their ongoing popularity, limited editions, and scarcity drive increasing prices.

Does Rolex own Panerai? ›

Panerai and Rolex are two different Swiss watch manufacturing brands with no direct ownership or official affiliation between them. Both brands are known for making high-quality watches, but they have different histories, design styles and market positioning.

Did Rolex make movements for Panerai? ›

Panerai Watches with California Dials

As some of you may already know, it was primarily Rolex that supplied watches to Panerai in the mid-20th century with waterproof “Oyster” cushion-shaped cases and modified manual-would movements.

How many Panerai are made a year? ›

Panerai has a fraction of Rolex's production - estimates range between 45,000 and 60,000 timepieces per year - and is just ramping up its in-house manufacturing capability.

Is Panerai better than IWC? ›

Ultimately, the decision between Panerai and IWC is a highly subjective one. Whether you are drawn to Panerai's dive watches or IWC's pilot and dress watches, both brands offer horological masterpieces that stand as testaments to craftsmanship, precision, and enduring style.

Is Panerai better than Hublot? ›

Hublot appeals to those seeking innovative, bold designs, while Panerai resonates with enthusiasts who appreciate historical significance and classic aesthetics.

What celebs wear Panerai? ›

Hollywood actors with Panerai watches: Ben Affleck & Jason Statham's Luminor, Tom Cruise's PAM 63 GMT, Russell Crowe's Panerai Radiomir.

Why you should buy Panerai? ›

For example, Panerai Submersible watches are an advancement of their original diving watches but have been improved and expanded to suit a broader audience. Some of their ranges hold more value than others, and some specific pieces, in particular, are much more likely to hold their value as time goes on.

What is the difference between Luminor and Luminor Marina? ›

Panerai Luminor Marina Logo

The difference between the Luminor Base and Luminor Marina is the small running seconds hand, located at 9 o'clock. The Luminor Marina version has a retail price of €4900 including VAT. The hand-wound movement is the P.

Why buy a Panerai? ›

Panerai watches are big and there are people that prefer a high-quality watch that also commands a presence on the wrist. Because of the oversized design, the watch has great visibility especially the numerals on the dial.

Is it worth it to buy a Panerai? ›

Is a Panerai watch worth it? The simple answer is yes. Even though watches from this brand are undeniably expensive, you will get your money's worth. This premium brand is renowned for its outstanding quality and rich history.

What luxury watch is the best investment? ›

The easy answer: Rolex, Patek Philippe, Audemars Piguet, and popular independents such as F.P. Journe and Akrivia. The vaguer answer: Watches of good investment value can be found across the full spectrum, from Swatch and Seiko to the upper echelons of masters like Philippe Dufour and Roger W. Smith, model dependent.

Which watch holds it value the best? ›

Which Luxury Watch Brands Best Hold Their Value?
  • Rolex. Rolex is synonymous with prestige, precision, and enduring value. ...
  • Patek Philippe. ...
  • Audemars Piguet. ...
  • Jaeger-LeCoultre. ...
  • Omega. ...
  • Cartier. ...
  • IWC Schaffhausen.

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