A fine and rare limited edition stainless steel cushion-shaped wristwatch with diamond-set indexes and box, numbered 18 of a limited edition of 90 pieces

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  • Condition Report

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  • Manufacturer: Panerai
    Year: Circa 2002
    Reference No: PAM 00030
    Case No: BB1037124, D18/90
    Model Name: Luminor Firenze 1860
    Material: Stainless steel
    Calibre: Manual, cal. OP1, 17 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: Stainless steel and diamond set pin buckle
    Dimensions: 44mm diameter
    Signed: Case, dial and movement signed
    Accessories: Further accompanied by Panerai fitted presentation box.

  • Catalogue Essay

    With a tremendous history in creating some of the most iconic military wristwatches, Panerai wristwatches are rarely seen with diamond-set examples. In the early 2000’s, the manufacturer decided to launch a series of diamond-set wristwatches to cater towards the contemporary demand. Regarded as an effort to develop a new line, these examples were produced in very limited quantities as Panerai stopped the production of diamond-set wristwatches a few years later.

    The present example of a Luminor with baguette and brilliant-cut diamond-set indexes is presented in excellent overall condition. Limited to 90 pieces, only a few have appeared in the market.

  • Maker Bio

    Panerai

    Italian • 1860

    Known for its robust designs and large case sizes, Officine Panerai was established in 1860 by Giovanni Panerai in Florence, Italy. Around 1900, Giovanni's grandson Guido Panerai took over, and Panerai became the supplier to the Regia Marina — the Royal Italian Navy. After supplying the navy with high-precision instruments for a number of years, Officine Panerai created Radiomir, a radium-based powder that gives luminosity to the dials of sighting instruments and devices. By 1936, the Royal Italian Navy approached Panerai again with the request to design a watch resistant to extreme underwater conditions. The watch they created became known as the "Radiomir".

    Panerai's watches made during the early twentieth century era were comprised of cases designed and manufactured by Rolex SA, with Cortébert, a Swiss manufacturer, supplying the majority of their movements. The most recognizable designs from the firm are the Radiomir and Luminor. To date, vintage models from the first half of the 1900s, such as the reference 3646 and 6152 models, remain the most desirable among collectors.

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LOT OFFERED WITH NO RESERVE

Panerai

Ref. PAM 00030
A fine and rare limited edition stainless steel cushion-shaped wristwatch with diamond-set indexes and box, numbered 18 of a limited edition of 90 pieces

沛納海,「Luminor Firenze 1860」型號PAM 00030,精細罕有,限量版精鋼腕錶,備鑽石時標錶盤,限量發行90枚,編號18號,約2002年製。附錶盒

Circa 2002
44mm diameter
Case, dial and movement signed

Estimate
HK$48,000 - 94,000 
€5,400-10,600
$6,200-12,100

sold for HK$81,250

Contact Specialist

Thomas Perazzi

Head of Watches, Asia
+852 2318 2031

WatchesHK@phillips.com

 

The Hong Kong Watch Auction: X

Hong Kong Auction 10 July 2020