Founded in Florence in 1860, Panerai began as a workshop, shop, and subsequently school of watchmaking. This foundational expertise soon led to forging a pivotal partnership with the Royal Italian Navy, commencing in the 1910s, with initial commissions to design precision instruments and leading in 1935 to the development of its first dive watch prototype, Ref. 2533, with a luminescent Radiomir dial. For many decades thereafter, Panerai maintained its role as a highly secretive supplier to Italian Navy commandos, manufacturing professional-grade tool watches and high-precision instruments built to withstand their challenging missions.

The defining technical features Panerai developed to meet the Italian Navy specifications— exceptional luminescence, superior water resistance, extended power reserve, and robust construction—remained a military secret until 1993. That year marked a key moment: the introduction of the first watches to the civilian public, including the first Luminor 44mm, whose now-iconic crown protecting bridge and bold design would soon achieve international recognition.

In 1997, Richemont acquired Panerai, leading to its debut at SIHH (Salon International de la Haute Horlogerie) in 1998. This event propelled Panerai’s rise as a prominent international brand within the watchmaking industry.

Today, Panerai honors its heritage by manufacturing its movements and watches at its Neuchâtel manufacture since 2002, where cutting-edge technology and Swiss precision converge with Italian design. Panerai watches are available worldwide through a carefully selected network of distributors and boutiques.