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Panerai Luminor


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Panerai Luminor Submersible Carbon 47mm Black No numerals Malaysia
Panerai Submersible Marina Militare Carbotech PAM 979
RM75,000
Free shipping
Professional dealer
83
MY
Panerai Luminor GMT Automatic Steel Black Arabic numerals Malaysia, Wilayah Persekutuan
Panerai Luminor GMT Automatic Excellent Condition with Box &...
RM22,888
Private Seller
MY
Panerai Luminor Marina Automatic Steel 44mm Blue
Panerai Luminor Marina Automatik Edelstahl Herrenuhr Ref....
RM35,090
Sold by Chrono24
DE
Panerai Luminor Marina Steel 44mm Malaysia, Kuala Lumpur
Panerai PAM 111
RM25,500
Private Seller
MY
Panerai Luminor Steel 44mm Black Arabic numerals
TOP
Panerai Luminor
RM32,932
Professional dealer
CH
Panerai Luminor Submersible Bronze 47mm Brown No numerals
Panerai Luminor Submersible
RM84,064
Professional dealer
18
SG
Panerai Luminor Marina Automatic Steel 42mm Blue Arabic numerals
Panerai Luminor Marina Automatic 42mm Blue Dial
RM31,773
Professional dealer
156
US
Panerai Luminor Marina Automatic Steel 44mm Black Arabic numerals
Panerai Luminor Marina
RM23,052
Professional dealer
416
ES
Panerai Luminor Marina 8 Days Steel 44mm Black Arabic numerals Malaysia
Panerai Luminor Marina 8 Days
RM18,800
Professional dealer
5
MY
Panerai Luminor Marina Steel 44mm Black Arabic numerals Malaysia
Panerai Luminor Marina Blue Logo PAM 631 2016
RM17,300
Free shipping
Professional dealer
83
MY
Panerai Luminor Base 8 Days Titanium 44mm Brown Arabic numerals
Panerai Luminor Base 8 Days
RM22,907
Professional dealer
468
US
Panerai Luminor Submersible Steel 42mm Black
Panerai Submersible Automatik Datum Edelstahl Herrenuhr...
RM40,725
Sold by Chrono24
DE
Panerai Luminor Power Reserve Steel 40mm Black Arabic numerals
Panerai Luminor Automatic Power Reserve 40mm Pam 125 Croco &...
RM20,465
Professional dealer
760
ES
Panerai Luminor Marina Steel 44mm Black Arabic numerals
Panerai Luminor Marina
RM23,829
Professional dealer
5
SG
Panerai Luminor Chrono Steel 40mm Black Arabic numerals
Panerai Luminor Chronograph Automatic PAM310 Box & Papers
RM28,687
Professional dealer
60
PT
Panerai Luminor Marina Automatic Titanium 44mm Black Arabic numerals
Panerai Luminor Marina Automatic
RM27,018
Professional dealer
156
US
Panerai Luminor Marina Steel 44mm Black Arabic numerals
Panerai Marina Luminor PVD Vintage - PAM00004 A - Vendome -...
RM43,542
Professional dealer
561
DE
Panerai Luminor Marina Steel 44mm Black Arabic numerals
Panerai Luminor Marina Logo
RM25,562
Professional dealer
253
DE
Panerai Luminor Marina Steel 44mm Black Arabic numerals
Panerai Luminor Marina 44 Ref. PAM00111 von 2012
RM26,587
Professional dealer
323
DE
Panerai Luminor GMT Automatic Steel 44mm Black Arabic numerals
Panerai Luminor GMT Automatic PAM00088
RM22,695
Professional dealer
754
US
Panerai Luminor Chrono Steel 40mm Black
Panerai Luminor 40 Chronograph Automatik Herrenuhr Ref....
RM38,164
Sold by Chrono24
DE
Panerai Luminor Marina Automatic Steel 40,00mm Blue Arabic numerals
Panerai Luminor Marina Automatic
RM32,401
Professional dealer
23
DE
Panerai Luminor Submersible Steel 42mm Grey No numerals
Panerai Submersible Blue Rubber Shark Grey Index Dial Watch...
RM43,225
Free shipping
Professional dealer
365
US
Panerai Luminor Submersible Steel 42mm Black No numerals
Panerai Luminor Submersible 42mm 300m 3 Days Steel Pam973
RM33,719
Professional dealer
1956
US
Panerai Luminor Marina Steel 44mm Black No numerals
Panerai Luminor Marina Left Handed PAM 00022 OP 6522 B-Series
RM34,732
Free shipping
Professional dealer
131
IT
Panerai Luminor GMT Automatic Carbon 47mm Black No numerals
Panerai Submersible
RM64,033
Professional dealer
109
IT
Panerai Luminor GMT Automatic Titanium 44mm Grey Arabic numerals
Panerai Luminor Automatic GMT Luna Rossa 1036 Titanium FULL...
RM46,078
Professional dealer
760
ES
Panerai Luminor Base Logo Steel 44mm Black Arabic numerals
Panerai Luminor Base Logo 44mm PAM000 Steel Black Dial Service...
RM20,998
Professional dealer
1123
DE
Panerai Luminor GMT Automatic Steel 40mm Black Arabic numerals
Panerai Luminor GMT PAM00159
RM25,721
Professional dealer
754
US
Panerai Luminor Base Steel 44mm Black
Panerai Luminor Base Handaufzug Edelstahl Herrenuhr PAM112...
RM26,894
Sold by Chrono24
DE
Panerai Luminor Power Reserve Steel 44,00mm Black Arabic numerals
Panerai Luminor Power Reserve Pam01090 Automatic 44mm
RM36,191
Professional dealer
23
DE
Panerai Luminor Steel 44mm Black
Panerai Luminor 8 Days Black Mixed Dial Watch PAM00795
RM29,824
Free shipping
Professional dealer
365
US
Panerai Luminor Submersible Steel 44mm Black Arabic numerals
Panerai Luminor Submersible
RM44,055
Professional dealer
289
CZ
Panerai Luminor Marina Steel 44mm White Arabic numerals
Panerai Luminor Marina Logo Pam 660
RM21,078
Professional dealer
348
UK
Panerai Luminor Base Steel 44mm
Panerai Luminor Base Pam00002 A Serie Tritium Dial Full Set
RM50,202
Professional dealer
38
FR
Panerai Luminor Base Logo Steel 44mm
Panerai Pam 774 Luminor Base Logo 44mm Manual Wind "u" Series
RM22,479
Professional dealer
80
US
Panerai Luminor Submersible Titanium 47mm Black
Panerai Submersible Luminor Bmg-tech (New Full Set)
RM57,808
Free shipping
Professional dealer
23
HK
Panerai Luminor Chrono Titanium 40mm Black Arabic numerals
Panerai Luminor Chronograph PAM00072
RM32,638
Professional dealer
754
US
Panerai Luminor Marina Steel 44mm White
Panerai Luminor Marina Handaufzug Saphierglas Edelstahl...
RM21,771
Sold by Chrono24
DE
Panerai Luminor Submersible Steel 42,00mm Black No numerals
Panerai Luminor Submersible 42mm
RM41,237
Professional dealer
23
DE
Panerai Luminor Marina Steel 44mm White
Panerai Luminor Marina
RM21,515
Professional dealer
 
ES
Panerai Luminor Marina Steel 44mm Black Arabic numerals
Panerai Luminor Marina
RM23,508
Professional dealer
 
DE
Panerai Luminor Submersible Bronze
Panerai Submersible Bronzo "Brownzo" 47mm Boutique Edition Pam968
RM94,239
Professional dealer
1956
US
Panerai Luminor Marina Steel 44mm Black Arabic numerals
Panerai Luminor Marina
RM21,937
Professional dealer
5
SG
Panerai Luminor Submersible Titanium
Panerai Submersible Mike Horn Edition -47MM
RM84,524
Professional dealer
109
IT
Panerai Luminor Marina Steel 44mm Black Arabic numerals
Panerai Luminor Marina Logo
RM28,175
Professional dealer
275
IT
Panerai Luminor Base Logo Steel 44mm Black
Panerai Luminor PAM00000
RM20,534
Professional dealer
754
US
Panerai Luminor Marina Steel 43.5mm White
Panerai Luminor Marina Handaufzug Edelstahl Herrenuhr Ref. OP6567
RM22,796
Sold by Chrono24
DE
Panerai Luminor Chrono Steel 44,00mm White Arabic numerals
Panerai Luminor Chrono Daylight White
RM36,089
Professional dealer
23
DE
Panerai Luminor Marina 8 Days Steel 44mm White Arabic numerals
Panerai Pam 563 Luminor Marina 8 Days White Dial 00563
RM22,284
Free shipping
Professional dealer
691
ES
Panerai Luminor GMT Automatic Titanium 44mm Grey
Panerai Luminor Luna Rossa GMT Automatic Grey Mixed Dial Watch...
RM50,141
Free shipping
Professional dealer
365
US
Panerai Luminor Marina Steel 44mm Black
Panerai  パネライ ルミノールマリーナ PAM00111 ステンレススチール 革 手巻き 【205】
RM17,399
Free shipping
Professional dealer
54
JP
Panerai Luminor Base Steel 44mm White Arabic numerals
Panerai Luminor Base
RM18,894
Professional dealer
5
SG
Panerai Luminor GMT Automatic Carbon
Panerai SUBMERSIBLE CARBOTECH PAM01616
RM64,191
Professional dealer
360
US
Panerai Luminor Titanium 44mm Brown Arabic numerals
Panerai Luminor 8 Days Power Reserve
RM30,685
Professional dealer
275
IT
Panerai Luminor Submersible Carbon 42mm Black No numerals
Panerai Submersible Carbotech (New Full Set)
RM63,922
Free shipping
Professional dealer
23
HK
Panerai Luminor Chrono Steel 44mm
Panerai Luminor Daylight Chrono SS White Dial
RM25,721
Professional dealer
784
US
Panerai Luminor Marina Steel 44mm Black Arabic numerals
Panerai Luminor Marina Logo
RM23,564
Professional dealer
289
CZ
Panerai Luminor GMT Automatic Steel 40mm Black Arabic numerals
Panerai Luminor Gmt 40mm Automatic PAM00244 PAM244 Steel Black...
RM28,169
Professional dealer
1123
DE
Panerai Luminor Chrono Steel 40mm Black Arabic numerals
Panerai Luminor Chronograph PAM072 Stainless Steel & Titanium...
RM41,068
Professional dealer
18
US

Panerai Luminor: A Popular Military Diving Watch

The Panerai Luminor is an industry icon. Its crown-protecting bridge alone is enough to make this former military watch one of the most recognizable wristwatches on the market. The collection's top models are extremely rare and feature a tourbillon.

By Chrono24 Last updated on October 28, 2019

5 Reasons to Buy a Panerai Luminor

  • A famous design with a crown-protecting bridge
  • A safe investment
  • Top models with a flyback chronograph or tourbillon
  • Rare collector's editions
  • Luminor Equation of Time with an equation of time function

A Recognizable Sports Watch

The Panerai Luminor is one of the world's most distinctive sports watches. Its main features include a cushion-shaped case and large crown-protecting bridge. This unique crown guard protects the crown against impacts and also presses it firmly into the case to prevent water from reaching the delicate movement within. The dial is unmistakably Panerai with its alternating Arabic numerals and indices. Luminous markings and hands make telling the time in the dark or under water a breeze. This detail is essential, as this military watch was originally issued to Italian combat divers. In fact, the Luminor was initially unavailable to the public.

Today's collection contains minimalistic base models with hour and minute hands, the Luminor Marina with a small seconds dial, flyback chronographs, GMT watches, and many other models and special editions. The most complicated models are extremely rare and feature a tourbillon, moon phase indicator, or an equation of time function for displaying the difference between apparent and mean solar time.

What's more, Panerai produces two other collections with strong ties to the Luminor: the Submersible and the Luminor Due. The latter is a dress watch, meaning it is much flatter than the standard Luminor. On the other hand, the Submersible is a true diving watch, with a unidirectional bezel and 300 m (30 bar, 984 ft) of water resistance.

No matter which model you choose, Panerai watches tend to maintain their value, especially with their original box and papers. Furthermore, it's advisable to switch out and store the original strap. A mint-condition strap will have a positive effect on the resale value of your Panerai.


How much does the Panerai Luminor cost?

Model Price (approx.) Features
Luminor Base Logo, PAM00773 4,000 USD 3-day power reserve, white dial with logo
Luminor Base, PAM00112 4,600 USD 2.3-day power reserve, black dial without logo
Luminor Base 8 Days, PAM00560 4,800 USD 8-day power reserve, black sandwich dial
Luminor Marina, PAM00111 5,200 USD 2.3-day power reserve, small seconds
Luminor Marina Automatic, PAM00048 5,500 USD Automatic, date, small seconds, 40 mm
Luminor Submersible Automatic, PAM01024 5,800 USD Automatic, small seconds, date, rotatable bezel
Luminor GMT Automatic, PAM00088 6,400 USD GMT function, automatic, date, small seconds
Luminor Marina 1950, PAM00312 6,200 USD 3-day power reserve, automatic, small seconds, date
Luminor Chrono Flyback, PAM00524 8,600 USD Flyback chronograph, 3-day power reserve
Luminor 1950 8 Days GMT, PAM00233 9,700 USD 8-day power reserve, GMT function, 24-hour display, power reserve indicator, small seconds, date
Luminor Marina 8 Days Oro Rosso, PAM00511 17,000 USD 8-day power reserve, 18-karat rose gold case, small seconds
Luminor 1950 8 Days Equation of Time GMT, PAM00670 19,500 USD 8-day power reserve, GMT function, equation of time

Luminor Base: Prices for Entry-Level Models

If you're on the market for the quintessential Luminor watch, look no further than the ref. PAM00112. This stainless steel Base model is 44 mm in diameter and has Panerai's distinctive crown-protecting bridge. Also known as the Panerai 112, its dial has Arabic numerals at 3, 6, 9, and 12 o'clock. Long line indices mark the other hours.

This Luminor Base has a so-called "sandwich" dial made of two stacked discs. The upper disc features cutouts for the hour markers, allowing the luminous material on the lower disc to shine through. Panerai equips this timepiece with the caliber OP X, a modified ETA Unitas 6497-A2. This manual movement has a 56-hour power reserve. Pre-owned Luminor 112 watches sell for around 4,300 USD. You can purchase a never-worn model for about 4,600 USD.

While the 112 has a black dial, there are also versions with white dials available. One example is the ref. PAM00630 with Arabic numerals and a Panerai logo on the lower half of its dial. Line indices mark the hours, which makes telling the time even easier. The ref. PAM00630 costs roughly 4,100 USD new and 3,600 USD pre-owned.


How much does a Luminor Base with an in-house caliber cost?

Panerai has been outfitting the Luminor Base with in-house calibers since 2014, starting with the P.5000 with an 8-day power reserve. This manual movement ticks away inside the PAM00560 with a black dial, PAM00561 with a white dial, and the PAM00562 with a brown dial. Instead of the company logo, these three models are stamped with the words "8 Days" at 6 o'clock. Prices for new timepieces sit between 4,800 and 5,800 USD. Used watches demand anywhere from 4,100 to 5,300 USD.

In 2018, Panerai upgraded the Luminor Base Logo, replacing the earlier ETA Unitas movement with their in-house caliber P.6000. This movement boasts an impressive 3-day power reserve. Luckily, this improvement had very little influence on this timepiece's price. For example, you can find a mint-condition ref. PAM00773 on Chrono24 for around 4,000 USD, while pre-owned pieces change hands for some 3,600 USD. The PAM00775 with a white dial and PAM00774 with a black dial and blue textile strap occupy a similar price range.

Features of the Panerai Luminor Base

  • In-house caliber P.5000 with an 8-day power reserve
  • In-house caliber P.6000 with a 3-day power reserve
  • Ref. PAM00773 worth around 4,000 USD in mint condition

Prices for the Luminor Marina with a Small Seconds

One distinctive feature of the Panerai Luminor Marina is its small seconds at 9 o'clock. Versions with the automatic caliber OP III have an additional date display at 3 o'clock. In terms of size, these automatic watches are available with a typical 44-mm Luminor case or as a smaller 40 or 42-mm edition. The latter make fantastic unisex watches. The 40-mm version (PAM01048) costs just over 5,500 USD new and 4,400 USD pre-owned. Prices for the 42-mm edition (PAM01392) fall between 5,400 and 6,000 USD. Finally, the 44-mm ref. PAM01312 requires an investment of around 6,100 USD in mint condition, while pre-owned pieces cost about 5,800 USD.

If you'd prefer a manual Luminor Marina, you should take a closer look at the refs. PAM00776 (on a leather strap) and PAM00777 (on a textile strap). The in-house caliber P.6000 powers these timepieces and has a 72-hour power reserve. You can call a Panerai Luminor Marina 776 or 777 your own for between 3,800 and 4,500 USD.

Perhaps you already own multiple Panerai watches and are now looking to add a gold Luminor to your collection. If so, the PAM0511 is perfect for you. This Luminor Marina is made of 18-karat rose gold and has an astonishing 8-day power reserve thanks to its powerful in-house caliber, the P.5000. New, this gold watch sells for around 17,000 USD. Pre-owned pieces demand about 15,500 USD.


For Divers: The Luminor Submersible

Unlike most Luminor watches, the Submersible features a rotatable diving bezel. Each timepiece gets its power from an automatic caliber. These movements come with a small seconds at 9 o'clock and a date at 3. There's also a wide range of case materials to choose from, including stainless steel, titanium, and carbon fibers.

As its name suggests, the Submersible is at home under water. Its 300 m (30 bar, 984 ft) of water resistance is more than enough for recreational diving. This collection's most impressive model, the Luminor Submersible 2500M, ref. PAM00194 , can even survive the pressures experienced at a depth of 2,500 m (250 bar, 8,202 ft). This 47-mm timepiece is limited to a run of 1,000 pieces and costs a solid 8,800 USD pre-owned. Due to their low numbers, never-worn pieces are extremely difficult to find.

Panerai gave the Submersible its own collection in 2019. It now stands alongside the Luminor, Luminor Due, and Radiomir. The collection's top models are either made of so-called "Carbotech" (a carbon fiber composite) or have a flyback chronograph.

Features of the Submersible

  • Water-resistant to 300 m (30 bar, 984 ft)
  • Unidirectional bezel
  • Top models with a flyback chronograph

Prices for the Submersible Chrono and Entry-Level Models

The Submersible Chrono ref. PAM00614 is a 47-mm titanium watch with a titanium bezel. Its sister model, the ref. PAM00615, is also 47 mm in diameter and made of titanium; however, it has a matte black ceramic bezel. What's more, this model has a 12-hour counter at 3 o'clock. The PAM00614 has a date display at the same position. The in-house caliber P.9100 ticks away inside both chronographs. Be sure to have around 13,500 USD on hand for the version with a ceramic bezel and 12,000 USD for the one with a titanium bezel. Both models cost some 1,100 to 2,200 USD less pre-owned.

The Submersible is also available with a "small" 42-mm case. Entry-level models are made of stainless steel and listed under the reference numbers PAM00683 and PAM00959. Their ceramic bezel inlays are highly scratch resistant. In terms of caliber, Panerai has chosen the automatic OP XXXIV – a modified version of a base caliber from the Richemont group. This means it is neither an in-house movement nor a standard ETA or Sellita movement. The OP XXIV boasts a small seconds dial, date display, and 3-day power reserve. Both versions have a list price of 9,800 USD. However, you can find mint-condition pieces for about 2,200 USD less on Chrono24.


How much does the Panerai Luminor GMT Automatic cost?

A GMT function is one of the most popular watch complications. It allows frequent travelers to keep an eye on the time in two time zones. A single glance tells them the current local time as well as the time back home.

The Panerai Luminor GMT Automatic displays its second time zone using an additional central hour hand and a rotatable 24-hour scale. This timepiece comes with a 42 or 44-mm case. The smaller edition (PAM01535) houses the in-house caliber P.9011 with a 72-hour power reserve. On the reverse side, you'll find a sapphire glass case back that offers a stunning view of the movement at work. This is also the location of the power reserve indicator, which lets you know how much energy this GMT watch has left. Prices for a new timepiece sit around 6,800 USD, while pre-owned watches go for 6,100 USD.

The ref. PAM01441 is 44 mm in diameter. Both its case and bezel are crafted from matte black ceramic, while the solid titanium case back features a black coating. The in-house caliber P.9010/GMT ticks away inside this timepiece and lacks a power reserve indicator. You can get your hands on this timepiece for just over 8,800 USD in mint condition or 7,500 USD pre-owned.

One of this collection's highlights is the Panerai Luminor GMT 10 Days, ref. PAM00533. The automatic in-house caliber P.2003 provides this timepiece with its astounding 10-day (or 240-hour) power reserve. A linear power reserve indicator at 6 o'clock lets you know when this watch needs more energy. The subdial at 9 o'clock performs double duty as a small seconds and an AM/PM indicator. A never-worn Panerai Luminor GMT 10 Days costs roughly 10,500 USD. Pre-owned pieces generally sell for 1,100 USD less.


What alternatives are there?

If you're a fan of Luminor designs but prefer a retro look, you may enjoy the Luminor 1950 series. Their case design was inspired by watches from the 1950s. These timepieces are easy to spot thanks to the "REG. T.M." engraving on the crown guard. Other Luminor models do without this feature. The 1950 series also has more defined curves than its flatter siblings.

You can purchase a Luminor Marina 1950 (PAM00312) for about 5,200 USD. Prices for new models start around 6,200 USD. The Panerai 312 is powered by the in-house caliber P.9000, which features a 72-hour power reserve. This automatic movement also has a date display and small seconds.

If you're looking for a Panerai watch for at the office, the Luminor Due collection is your best bet. This series contains simple three-hand pieces with a small seconds and a manual caliber, automatic watches with a date display, and GMT watches with a date display and power reserve indicator. The Luminor Due ref. PAM00904 is this collection's entry-level model. It's 42 mm in diameter and gets its power from the automatic caliber P.900. You can purchase this model on Chrono24 for about 5,400 USD new and 5,000 USD pre-owned.


From a Military Secret to a Coveted Sports Watch

Panerai released the first Luminor watches in the early 1950s. These early military watches were designed specifically for the elite combat divers of the Italian Navy. The name "Luminor" comes from the tritium-based luminous material used on the dials. Officine Panerai, as the company is officially known, patented this material in 1949. Prior to that, radium was the material of choice because it glowed incredibly brightly in the dark. The Radiomir collection was named after this radioactive material.

American actor Sylvester Stallone has had a major impact on the popularity and prestige of the Panerai brand. Stallone purchased a Luminor while shooting Daylight (1996) and even wore it in the film. He was so impressed by the timepiece that he ended up collaborating on a limited edition version with Panerai: The Luminor Daylight Slytech (5218-207A). Today, this watch is so highly coveted that prices of over 33,000 USD are not unheard of.