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Panerai Timeline

Panerai Luminor Logo1860Giovanni Panerai (1825-1897), founder of the Panerai family business, opens the first watchmaker's shop inFlorence.Guido Panerai (1873-1934), grandson of the founder, expands his grandfather's business and gives it new impetus, specializing in high precision mechanisms and becoming official supplier to the Royal Italian Navy.1900    During this period, the first deliveries of precision optical and mechanical instruments are made to the Italian Ministry of Defence.1934Guido Panerai's children, Giuseppe and Maria, continue developing and expanding their father's business. Maria is mainly concerned with running the Orologeria Svizzera shop, while Giuseppe devotes himself almost entirely to the company's business of supplying underwater instruments, torches, wrist compasses and wrist depth gauges to the Royal Italian Navy.He has since been accredited for the creation of the famous Radiomir and Luminor watches.1936Following disappointing tests carried out on the watches available at that time, the Royal Italian Navy requested Panerai to develop a watch able to withstand the extreme conditions it will be subjected to. A Radiomir prototype is submitted to the Command of the First Submarine Group and the watch passed all the tests with flying colours.1938Production of Radiomir watches begins for the Italian Navy, with a large (47 mm in diameter) cushion-shaped  case, wire loop strap attachments welded to the case, screw-down crown, luminous dial easy to read under water in the dark, and a hand-wound mechanical movement supplied by Rolex. The wide strap was made of oiled and punched leather, and with its extra long length it could be worn over the diving suits issued to the navy frog men.1943Officine Panerai presents the prototype of the first Panerai chronograph, the Mare Nostrum, designed for deck officers. Due to events in the war, the Mare Nostrum never went into production but remained at the prototype stage. In the early 1940s the device protecting the winding crown was fitted to the Radiomir watch to keep the crown in position. This device will enable the watches to descend to a depth of 200 metres, a remarkable achievement for the time.1949The patent is granted for Luminor, the luminous substance based on tritium, which replaced the previous Radiomir mix developed between 1910 and 1915.The Radiomir and Luminor watches take their names from these two luminous substances.1956On the request of the Egyptian Navy, Panerai creates a large Radiomir watch with an Angelus movement with 8-day power reserve and a rotating bezel with 5-minute intervals to calculate immersion times.For other Mediterranean Navies, Panerai makes limited production runs of approximately thirty pieces each.In the same year the patent is granted inItalyfor the device protecting the winding crown, which clamps it in position and ensures the water-resistance of the watch. This device will be patented in theU.S.A.in 1960.1972On the death of Giuseppe Panerai, the running of the Florentine company is handed over to the engineer Dino Zei and the family firm becomes Officine Panerai s.r.l. The close collaboration with the Italian Navy continues in the supply of watches, instruments and sophisticated devices for its men.1980A watch is designed capable of withstanding a pressure equivalent to a depth of 1000 metres.The only prototype built has a titanium case, an automatic mechanical movement, a rubber strap and a luminous dial achieved by using tiny phials of tritium on the dial face and on the hands.1993Officine Panerai creates a numbered series in a limited edition of models aimed at the civilian market: Luminor, Luminor Marina and an edition of the Mare Nostrum chronograph.1995A special edition of the watches called Slytech is created. Sly is the nickname of the actor Sylvester Stallone, a great admirer of the watch, who had requested a special edition called Submersible to use during the shooting of the movie Daylight. Subsequently, Stallone requested an edition with a white dial, named Daylight, and a personalized re-edition of the Mare Nostrum. All of these watches bear the actor's signature engraved on the back.1997The Vendôme Group, now RICHEMONT, takes over Officine Panerai and the company's range of watches, compasses, torches and depth gauges.New productions are started up, with a significant improvement in quality, and the official watch of Italian Navy commandos takes on an international dimension following a worldwide launch.1998The first Panerai watches with automatic mechanical movements are presented to an international public: the Luminor Submersible professional diver's watch; the Luminor GMT with a second time zone indication and the Luminor Power Reserve with a function of high quality watchmaking which enables the power reserve to be read.1999At the International Salon of Haute Horologerie in Geneva, Panerai presents a new range of Contemporary watches based on important innovative features: a smaller case, 40 mm in diameter; a Panerai Luminor fitted with a metal bracelet; the use of the chronograph function and an exclusively designed Luminor chronograph case, in which the push-pieces are integrated into the device protecting the crown in total respect of the aesthetic of the historic watch; the use of a titanium-steel combination for the case parts and the links of the bracelet of the Panerai Luminor Chrono.2000Panerai creates the Luminor Submersible 1000 metres, a professional diver's instrument designed according to the NIHS (Normes de l'Industrie Horlogère Suisse) specifications relating to diver's watches and able to withstand a depth of 1000 metres.Equipped with a helium valve necessary for decompression, the sapphire crystal has a thickness of 5.1 mm and the steel back is 3 mm thick.2001The Panerai Boutique is inaugurated, following restyling, at the historical site in Piazza San Giovanni inFlorence, following the purchase of the family boutique by Officine Panerai. This Bottega d'Arte represents a meeting point for enthusiasts and collectors of the brand who can find here, in addition to the current collection, special editions and production runs which Panerai reserves exclusively for its boutiques.The shop also plays host to the Panerai Historical Archive, a selection of historical items created by the Florentine company: watches, compasses, depth gauges, torches and horology instruments.2002The first Panerai boutique in Asia opens in the Prince's Building inHong Kong.Officine Panerai opens the Manufacture in Neuchâtel, where all activities relating to the development and production of watches are based. 2003The Panerai Boutique inPortofinois opened in this well-known Italian seaside resort. In the Boutique it is possible to admire exclusive collections and unique pieces, besides the watches belonging to the contemporary range.2004The Radiomir collection is enhanced by the 8 Days model.This is a return to its past, with the re-presentation in a modern key of a mechanism which Officine Panerai has already experimented with, the hand-wound 8-day movement. The calibre used in the 1940s was the Angelus, while the new model has a Jaeger-LeCoultre base.The case is 45 millimeters in diameter and is fitted with the patented slim wire loop strap attachments and a round caseband, while the screwed back and crown ensure water-resistance to 100 meters.2005Presented the first Panerai in-house movement: the caliber P.2002 This is a hand-wound mechanical movement of the latest technical conception with 8 days power reserve. It consists of 245 components (191 of them different) and the massive power reserve has been incorporated into a device of completely new design consisting of three spring barrels and a free balance spring oscillating at the frequency of 4 Hz, corresponding to 28,800 alternations/hour. The horizontal power reserve indicator is located at 6 o'clock. The P. 2002 caliber also features the GMT home time function with local time indicator over 12 hours and a.m. - p.m. indicator, hours, minutes, seconds and date. The system for setting the time uses the second reset device, which stops the balance and aligns the second hand automatically in the zero position when the crown is pulled out, providing an extremely accurate way of synchronizing the watch with the reference time signal. The development of this movement took four years due to its technical complexity.2006Presented at the SIHH (Salon International de la Haute Horlogerie) inGenevathe new 2006 Panerai and Ferrari collections.The manufacturing future of Panerai, inaugurated in 2005 with the Calibre P.2002 and the Radiomir 8 Days GMT is confirmed with the introduction of the Manifattura Collection, a family of watches which exclusively uses 100% made in Panerai movements. This collection respects the Panerai standards: robustness, high technical quality and a unique, distinctive aesthetic impact.Presented as well the new watch collection engineered for Ferrari. The appearance of the Ferrari watches is strongly influenced by the aesthetic lines of the cars, in a continuous cross-reference between the watch and the details of the engine and bodywork. There are two collections: Granturismo and Scuderia.2007Exactly ten years after the successful launch of the brand, and following the P.2002 calibre of 2005, Panerai is proud to announce three more calibers (P.2003, P.2004, P.2005) completely designed, engineered and produced by the Panerai Manufacture, which are destined to power the brand’s creations of the future.2008The importance of the Manifattura Collection grows and new models with movements produced entirely by Panerai are introduced.Openings of new Panerai Boutiques in Asia,Japan,USAandEurope.2009Launch of the new P.9000 movements within the Manifattura Collection.2010  Launch of the P.999 calibre and presentation of the Jupiterium dedicated to the 400th anniversary of the first observations made with an astronomical telescope by Galileo Galilei.Buy and Sell Panerai Watches

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