Panerai 2025 Releases: New Luminor Marina and More

Of all the watches in the Panerai catalog, the Luminor best embraces the brand’s unique design ethos.  It sports that famous lever-activated crown guard to protect the case, a cushion-shaped silhouette, and a sandwich dial for maximum legibility. At Watches and Wonders 2025, Panerai announced an expansion of the collection with a new generation of Luminor Marina watches with notable across-the-board upgrades, and a new edition of the Platinumtech Luminor Perpetual Calendar GMT with a striking blue sapphire dial. We’ll also show you two new Submersible Marina Militare watches inspired by the Italian Navy’s aviation branch, Aviazione Navale, and the smallest ceramic Panerai yet. Read on to find out what’s new for Panerai so far in 2025.

Luminor GMT Ceramica 40mm

Panerai released their first-ever ceramic watch back in 2007, and for 2025, they’ve unveiled their smallest ceramic watch yet. “Bitempo,” which means “two times” in Italian, is written on the bottom half of the dial, indicating that it’s a GMT model. Its 40mm diameter is relatively diminutive by Panerai standards.

Like many of Panerai’s GMT watches, the PAM01460 uses a 12-hour scale rather than a 24-hour one. Its black sun-brushed sandwich dial features white Super-LumiNova Arabic numerals and hour markers, while the case uses a tasteful mix of sandblasted and polished surfaces. List price is $15,800.

Reference	PAM01460
Collection:	Luminor GMT Ceramica
Reference:	PAM01460
Case Material:	Micro sandblasted and polished ceramic
Case Size:	40mm
Water Resistance:	300 meters
Caseback:	Titanium with smoked sapphire crystal
Dial:	Black sun-brushed sandwich with white Super-LumiNova Arabic numerals and hour markers
Strap:	Black calf with white stitching, PAM Click Release System™ Secondary black rubber strap included
Movement:	Caliber P.900/GMT Automatic Hours, minutes, small seconds, 12-hour GMT, date
Power Reserve:	3 days
2025 MSRP:	$15,800

Submersible Marina Militare Watches in Steel or Carbotech

Panerai has a storied past with the Marina Militare, dating to the early 1900s when the brand supplied them with various combat instruments.  For 2025, the brand is adding two Submersible Marina Militare watches to its fold: one in stainless steel (PAM01697) and one in Carbotech (PAM01698), both inspired by the aviation branch of the Italian Navy, Aviazione Navale. Both models feature the Aviazione Navale wings on the case back (a first for Panerai) and green dials inspired by the flight gear and helmets worn by the aircrew.  The lume is grey Super-LumiNova, like the Aviazione Navale aircraft, and the small seconds sub-dial is modeled after a radar display and features a tiny, engraved anchor emblem. Additionally, each is waterproof to 300 meters and is powered by the automatic caliber P.900 with a standard 3-day power reserve.

Getting into the details of each watch, Ref. PAM01697 is made from brushed 316L steel and has a bezel furnished in matte green ceramic to match the dial.  Its counterpart, ref. PAM01698, is made from black Carbotech, a carbon fiber material that is significantly lighter than titanium and also incredibly resilient.  Lastly, both are paired with a green canvas strap. 

Panerai Submersible Marina Militare Specs:

Collection:	Submersible Marina Militare	Submersible Marina Militare Carbotech
Reference:	PAM01697	PAM01698
Case Material:	Brushed steel, steel case back	Carbotech, titanium DLC case back
Case Size:	44mm	44mm
Bezel:	Uni-directional/matte green ceramic	Uni-directional/Carbotech
Water Resistance:	300 meters	300 meters
Crystal:	Sapphire crystal	sapphire crystal
Dial:	Grained matte green with black gradient, grey Super-LumiNova	Grained matte green with black gradient, grey Super-LumiNova
Strap:	Green canvas, stainless steel pin buckle	Green canvas, titanium DLC pin buckle
Movement:	Caliber P.900 Automatic	Calibre P.900 Automatic
Power Reserve:	3 days	3 days
Release Date:	August 5, 2025	August 5, 2025
2025 MRSP:	$12,500	$19,500

2025 Panerai Luminor Perpetual Calendar GMT Platinumtech Ref. PAM01575

Panerai is adding a new variation of the Platinumtech Luminor Perpetual Calendar GMT to its catalog, this time with a spectacular blue sapphire crystal dial that exposes the intricate movements of the day and date wheels below. This design is eloquently described by Panerai’s CEO Jean-Marc Pontroué as providing the wearer “with a deeper connection to the art of timekeeping.” Moreover, the rich, transparent blue sapphire dial mimics the ocean’s deep blue waters, connecting the watch with its maritime roots.

Aside from the sapphire dial, the face looks like any other Luminor Perpetual Calendar watch, featuring baton and Arabic hour markers, small seconds, and windows at 3 o’clock for the day and date. The sapphire case back shows the month, year, leap year, and power reserve.

The case is made from the brand’s patented Platinumtech, a 95% pure platinum metal that is harder and more scratch-resistant than standard platinum. The case offers the wearer a very sensible depth rating of 50 meters for this watch and is paired with a dark blue alligator leather strap with a faux vintage patina and an additional blue rubber strap.

At the heart of the new ref. PAM01575 beats the caliber P.4100, a self-winding movement painstakingly developed by the brand’s renowned Laboratorio di Idee for over a decade. In an impressive display of high complication, the date will remain accurate until 2399, after which it will require a skilled watchmaker to adjust.  Additionally, the day, date, month, and leap year can all be conveniently adjusted via only the crown, in either direction, and without any restrictions. The movement is home to two noteworthy Panerai patents. The first is a date shock protection system that prevents the date from shifting if the watch gets knocked around. The other is a unique GMT spring that limits wear and tear by distributing pressure across different contact points, ultimately making the GMT hand smoother and, therefore, more reliable.

Panerai Luminor Perpetual Calendar GMT Platinumtech Ref. PAM01575 Specs:

Reference:	PAM01575
Case Material:	Polished Panerai Platinumtech™
Case Size:	44mm
Water Resistance:	50 meters
Crystal:	Sapphire crystal, both sides
Dial:	Blue sapphire crystal
Strap:	Dark blue faux-patina alligator strap with white gold buckle, additional blue rubber strap
Movement:	Caliber P.4100 Automatic Hours, minutes, small seconds, 12-hour GMT, and perpetual calendar w/ the day, date, month, leap year, and year Seconds reset
Power Reserve:	3 days
2025 MRSP:	$67,700

New Panerai Luminor Marina Watches for 2025

Panerai introduced a new series of Luminor Marina watches at this year’s Watches & Wonders salon, four in brushed 316L stainless steel and one “Titanio” model in grade 5 titanium. In true Panerai fashion, the newest offerings don’t stray too far from the brand’s core aesthetic. They still sport the emblematic crown protective device, a 44mm cushion-shaped case, and a sandwich dial, but with a shiny new movement, increased water resistance, and brighter Super-LumiNova® X2 luminescent material. The case is also slimmer and lighter thanks to the newer movement. Let’s unpack everything that’s new with the Luminor Marina.

First, the Luminor Marina has a newer movement: caliber P.980. At 4.2mm thick, it is one of Panerai’s thinnest automatic calibers. Compare that measurement to the previous engine driving the Luminor Marina with a date, the caliber P.9010, at 6mm thick.  Furthermore, the newer caliber has few components (177 compared to caliber P.9010’s 200), a 3-day power reserve, calendar aperture, and hacking seconds for precise time-setting. The P.980 also sports new finishing, which the wearer can enjoy through the sapphire case back.

With the thinner movement comes a refined case, which is now 12% thinner and 15% lighter than before.  It has newer, streamlined lugs and, for the first time in the Luminor Marina collection, Panerai’s tool-free PAM Click Release System for the buckle and strap for easier strap changes. Additionally, the case is water resistant up to 500 meters, another first for the Luminor Marina collection and an exciting upgrade considering the case’s newer, more svelte profile. Lastly, all new watches are outfitted with Super-LumiNova X2, featuring 10% increased luminosity for even better low-light legibility than before.

Stainless Steel Luminor Marina Watches: PAM03323, PAM03312, PAM03313, and PAM03314

Each stainless steel model is made of premium 316LVM stainless steel and features a 44mm case.  The all-steel ref. PAM03323 introduces the collection to a new V-shaped bracelet that tapers seamlessly from the case down to the clasp.  It is also the first model to sport Panerai’s new tool-free Quick Length Adjustment system, allowing the wearer to extend the bracelet by 2mm on either side of the case. This feature accommodates the wrist as it fluctuates throughout the day while keeping the case perfectly balanced at the center of the wrist, all without using tools. Furthermore, the light blue sun-brushed dial here is a brand-new colorway for Panerai.

The remaining three stainless steel models (PAM03312, PAM03313, and PAM03314) keep it classic on an alligator leather strap – a second rubber strap accompanies each. Panerai’s PAM Click Release System makes swapping between the straps a breeze.

Luminor Marina Titanio Ref. PAM003325

The new capsule also includes one titanium model, furnished from grade-5 titanium and featuring a military-inspired olive-green colorway to complement the cool tones of the titanium case.

The metal finish, which the brand has used since the 1980s, is prized for being incredibly resilient yet still 44% lighter than steel. Like the stainless steel models, ref. PAM003325 has two strap options: a dark green scamosciato calf strap and a dark green rubber strap.

2025 Panerai Luminor Marina Specs

Reference:	PAM03325	PAM03323	PAM03312	PAM03313	PAM03314
Case Material:	Grade 5 titanium	316L steel	316L steel	316L steel	316L steel
Case Size:	44mm diameter	44mm diameter	44mm diameter	44mm diameter	44mm diameter
Water Resistance:	500 meters	500 meters	500 meters	500 meters	500 meters
Crystal:	Sapphire crystal, both sides	Sapphire crystal, both sides	Sapphire crystal, both sides	Sapphire Crystal, both sides	Sapphire crystal, both sides
Dial:	Green sun-brushed Sandwich White Super-LumiNova X2	Light blue sun-brushed Sandwich White Super-LumiNova X2	Matte black Sandwich Green Super-LumiNova X2	Blue sun-brushed Sandwich White Super-LumiNova X2	Matte white Sandwich Gray Super-LumiNova
Strap:	Green scamosciato calf strap PAM Click Release System Second rubber strap	Polished and brushed 316L steel PAM Click Release System & quick length adjustment	Black alligator w/ steel trapezoid buckle PAM Click Release System Second rubber strap	Blue alligator w/ steel trapezoid buckle PAM Click Release System Second rubber strap	Black alligator w/ steel trapezoid buckle PAM Click Release System Second rubber strap
Movement:	Caliber P.980 Automatic Hours, minutes, small seconds, date	Caliber P.980 Automatic Hours, minutes, small seconds, date	Caliber P.980 Automatic Hours, minutes, small seconds, date	Caliber P.980 Automatic Hours, minutes, small seconds, date	Caliber P.980 Automatic Hours, minutes, small seconds, date
Power Reserve:	3 days	3 days	3 days	3 days	3 days
2025 MRSP:	$9,700	$9,700	$8,800	$8,800	$8,800

2025 Panerai Luminor Tre Giorni

Now let’s talk about some Panerai releases that came earlier in 2025, before Watches and Wonders. This next Panerai Luminor release is large–47mm in diameter x 15.1mm tall. It also features a boxy sapphire crystal and a hand-textured stainless steel finish, evoking the natural patina of a genuine vintage watch, perhaps one that has seen many years of underwater wartime exploration. This is a modern watch that still looks strikingly similar to the dive watches supplied to the Italian Royal Navy decades ago. The lever-activated crown locking system, leather strap (Panerai includes a black rubber strap with each purchase), and sandwich-style dial deliver the classic Luminor look so many Paneristis are searching for.

And then there’s the dial, which features the traditional baton/Arabic numeral configuration, sandwich-style structure, and vintage-inspired beige Super-LumiNova. Previously, the Panerai sandwich dial consisted of three layers: a dial with cut-outs for the hour markers, an acrylic layer for depth, and a luminescent bottom layer. For 2025, Panerai has removed the middle acrylic layer on the PAM01628. If you’ll look closely you’ll see the dial’s striking black-to-grey vignette hue instead of flat black, another nod to vintage Panerai watches. The three previous Tre Giorni models (which were all Radiomirs–PAM01334, PAM01335, and PAM01350) featured vignette dials as well.

Flipping the watch over, we have a nice view of the caliber P.3000 and its large, brushed bridges through the sapphire crystal case back. The 21-jewel movement operates at a frequency of 21,600 BPH and provides the wearer with a convenient 3-day power reserve – hence the model’s name, “Tre Giorni,” which translates to “three days” in English.

The new Panerai Luminor Tre Giorni PAM01628 retailed for $10,500 but is now out of stock on Panerai’s website.

Panerai Luminor Tre Giorni PAM01628 Specs

Model Name	Luminor Tre Giorni
Reference Number	PAM01628
Case Material	“Patina” Stainless Steel
Case Diameter	47 mm
Case Thickness	15.1 mm
Bracelet/Strap	Dark brown calf leather strap with beige stitching; black rubber strap included
Water Resistance Rating	100 meters
Movement Caliber	P.3000
Power Reserve	72 hours (3 days)
MSRP (2025)	$10,500

Mike Horn Submersible QuarantaQuattro

In recent years, Panerai has been paying a lot of attention to its truest purpose-built dive watches: the Submersible lineup, featuring a rotating timing bezel. From 2002-2021, Panerai released seven Submersible (and “pre-Submersible”) references in collaboration with famous adventurer and Panerai ambassador Mike Horn (PAM00092, PAM00252, PAM00307, PAM00719, PAM00984, PAM00985, and PAM01291). The past five releases were all 47mm, but for 2025, the 8th Panerai x Mike Horn model has a more universally wearable 44mm case. Although it also has a 3-day power reserve, it isn’t part of the “Tre Giorni” lineup.

The Mike Horn Submersible QuarantaQuattro features a blue vertically brushed dial with large luminous hour markers, a ceramic unidirectional rotating bezel with a lumed pearl, and a screw-down caseback engraved with Mike Horn’s signature. A few subtle yellow accents add some visual distinctiveness to the dial. Its list price of $11,900 is higher than that of a Rolex Submariner, which may seem bold, but Mike Horn editions typically do hold their value relatively well.

2025 Panerai x Mike Horn Submersible QuarantaQuattro Specs

Model Name	Submersible QuarantaQuattro Mike Horn Edition
Reference Number	PAM01676
Case Material	Brushed Stainless Steel
Case Diameter	44 mm
Case Thickness	13.3 mm
Bracelet/Strap	Blue rubber strap with trapezoidal brushed steel pin buckle; additional blue bi-material strap
Water Resistance Rating	300 meters
Movement Caliber	P.900 (Automatic)
Power Reserve	72 hours (3 days)
MSRP (2025)	$11,900

Radiomir 8 Giorni Eilean

The most exotic 2025 Panerai release so far is the Radiomir 8 Giorni Eilean. The “8 Giorni” part of the name refers to its impressive 8-day power reserve, and “Eilean” is the name of a boat. Eilean is a 22-meter Bermudian ketch built in 1936, and if you buy one of the 30 Radioimir Eilean watches, that’s the boat you’ll ride on during a holiday cruise in Sicily as part of the Panerai Xperiences Program–all included in the $42,300 list price of this unusual Panerai.

The beige vignette sandwich dial of the Panerai Radiomir Eilean complements the bronze bezel and crown nicely. “Eilean 1936” is engraved on the side of the case:

While the stainless steel case may look like “patina steel” at first glance, the Radiomir Eilean actually has Panerai’s Burnito finish. That means the steel is PVD-coated and then aged via tumbling etc, wearing most of the PVD coating off. It’s an interesting effect, and no other brand does a finish quite like it.

Radiomir 8 Giorni Eilean Specs

Reference Number	PAM01643
Case Material	Brunito Steel with Bronze Bezel
Case Diameter	45 mm
Case Thickness	Not specified
Bracelet/Strap	Dark brown calf leather strap with beige stitching, hot-stamped with “1936”; Brunito steel pin buckle
Water Resistance Rating	100 meters
Movement Caliber	P.5000 (Hand-wound mechanical)
Power Reserve	8 days
Limited Edition	30 pieces
MSRP (2025)	$42,300 including a holiday cruise in Sicily aboard the Eilean

That sums up all of the models Panerai has released in 2025. Although many watch brands used to release almost all of their new models at the preeminent annual spring Swiss watch fair, those days are over, and you never know when brands might release a new watch. Check Grey Market often for the latest watch releases.