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Panerai’s Latest Release Pays Tribute to Its Classified Beginnings

Summary by Elite Traveler
Founded in 1860 by Giovanni Panerai as a combination of workshop, watchmaking school and shop, the company only began producing watches for the public once it was acquired by the Vendome group (now Richemont) in 1993. On September 10 1993, at a dramatic ceremony held on board the Italian naval destroyer Luigi Durand de la Penne, in La Spezia harbor, home to Italy’s naval special forces, Panerai officially emerged from military secrecy as a consu…
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Elite Traveler broke the news in on Wednesday, September 10, 2025.
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