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Panerai introduced its first dive watches in 1936 for use by special commando units of the Italian navy. These watches featured an unusual mechanism for sealing the crown, using a “protecting device.” These dive watches are highly valued by collectors and are very scarce. In 1997, these famous dive watches were reintroduced by the Vendome Luxury Group, and quickly become very popular. This Panerai Luminor (ref PAM55) is in a 44mm x 14.5mm satin finished titanium screw back case, water resistant to 300 meters. It has a sapphire crystal and the crown and crown-lock protector are unsigned. The tobacco brown dial features brightly fluorescent white baton markers and brightly fluorescent white Arabic numerals at three, six, nine, and twelve. This watch is on a signed black leather strap with matching satin finished titanium tang type buckle, with the creasing as evidence of previous use. It is in near mint condition, without a scratch or other flaw on the crystal, minor scuffs and dings on the bezel, a ding on the bezel at four, a ding on the lower case edge at nine, and very minor scuffs on the case sides and case back. The cal OP I (base cal ETA 6497) 17 jewel manual wind movement maintains accurate time within a tolerance of six seconds per day. This rare, preowned Panerai Luminor has a D serial number, which would date production to 2001 (this model was only produced in 2000 and 2001), and was originally purchased from an authorized dealer in August of 2001. It will be sold with inner box, papers, jeweler’s screwdriver, and a signed black rubber dive strap, and is no longer in production. The current Panerai production model that is most comparable to this watch has a list price (MSRP) of $6800. It can be yours for $5850, plus shipping. We can accept credit cards on most sales. Offer us a trade that we cannot refuse!

Ed and David Loebl
The Watchseller, LLC
Tucson, AZ


[email protected]

We are proud to be the US distributor for EPOS Watches, as well as an authorized dealer for RGM Watches.

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