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Panerai

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Officine Panerai
Type Watch Maker
Founded 1860
Headquarters Florence, Italy
Industry Watch Making
Products Watches
Parent Richemont International SA
Website www.panerai.com

Officine Panerai is a Italian watch brand owned by Richemont International SA. Its watches are currently manufactured in Neuchâtel, Switzerland with movements from ETA.[dubious ]

Contents

History

Panerai was founded in 1860 in Florence by Giovanni Panerai (1825–1897). It later became the official supplier to the Royal Italian Navy and expanded to building precision instruments. The company is famous for its Radiomir and Luminor watches, notable for their use by Italian commando frogmen. The Florence-based watchmaker produced about 300 watches, all for the Italian Marina Militare, between 1938 and 1993.[1] By that time, the company ceased to provide watches to the Marina Militare, as they were no longer cost-effective. It then moved to launch its products to the civilian market, but remained relatively obscure until the actor Sylvester Stallone spotted and bought a Panerai Luminor in a jewellery store in Rome in 1995 to wear during shooting of the film Daylight.[1] Stallone ordered a small batch of such watches with his signature on the case back, called Slytech. He offered them as gifts to friends, including Arnold Schwarzenegger. The watch gained rapid popularity, and Officine Panerai was eventually taken over by Richemont in 1997. Among its famous watches, are the historic[vague] Radiomir series, in particular, the Base and the Black Seal Model which were deemed rare and unknown[dubious ] just a few years[vague] ago, but have become highly commercialized recently. Panerai's success with large watches has also led other companies to introduce larger watches, including Audemars Piguet, IWC and Swatch. Panerai issues Special Editions every year. In 2006 it issued the 1936 California Dial Radiomir special edition, a reissue of the first Panerai model ever presented to the Italian Marina Militare. This model was limited to a run of 1936 units. Aficionados of Panerai are known as "Paneristi", a term coined along the lines of "Ferraristi". When the contract between Girard-Perregaux and Ferrari expired a new partnership was signed with Panerai to develop, manufacture and distribute watches under the Ferrari trademark. A New York representative for the watch company has called Panerai the official timekeeper to Ferrari. These wristwatches, available in the US from early August 2006, have 11 models and cost between $5,300 and $26,500. Panerai Ferrari watches are divided into two collections: Granturismo and Scuderia.

Etymology of the surname Panerai

This surname Panerai is typical of the Florence (Firenze) area, and is rarely encountered elsewhere in Italy. It is most probably derived from the old word panieraio (or paneraio), a person who made bread baskets with osiers.[2]

A vintage Panerai Marina Militare wrist watch.
A vintage Panerai Marina Militare wrist watch.

People who like Panerai watches

Noted "Paneristi" (Panerai aficionados) include:

In the Media

Movies

In recent times Panerai has had its share of screen time. Some notable appearances include 1996

2001

2002

2003

2004

2005

2006

2007

Television

Quotes

  • "'I immediately felt when I saw the watch that it had star power' Stallone said. . . . 'Besides, it's perfect for people who are over 45 years old,' he added in reference to the ease of reading large-format watches."[1]

Notes

  1. ^ a b c David Prince, "Monster Watches: How a movie muscleman spawned a trend that bulked up the wristwatch", Cigar Aficionado.
  2. ^ Message by "Sagani", Behind the Surname forum. Sagani does not cite any source.[dubious ]
  3. ^ Interview, Dagens Næringsliv, November 9 2007.
  4. ^ John Mayer's blog at Honeyee.com
  5. ^ Seen in September 9 2007 interviews on CTV and TVA

References

  • Men's Vogue, Fall 2005

External links

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Panerai from Wíkipedia. ©2006 by Wíkipedia. Licensed under the GNU Free Documentation License. View a list of authors or edit this article.

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