Founder: Giovanni Panerai was
born in 1825. He founded the company in 1860 in Florence.
Country:Florence, Italy
History: After the company
was founded in 1860, the grandson of Giovanni took over the company and began
supplying the Royal Italian Navy with high precision watches around 1900. Also
around that time, watches were being made for the ministry of defense. In 1910,
Radiomir, the first luminescent watch was created. By 1936, the Radiomir was
perfected to be used under extreme conditions and was used in submarines. The
strap for the Radiomir was extra long in order to fit around the diving outfit.
In 1949, the Luminor was born and it was patented as well because of its new
luminous formula. Upon request of the Egyptian Navy, Officine Panerai made a
Radiomir watch with an 8-day power reserve. Astoundingly, a watch was designed
in 1980 that could withstand a depth of a 1000 m. Slytech watches were created in
honor of Sylvester Stallone and were worn during the Daylight movie in 1995.
Two years later, Richemont took over the company. In 2000, the watch that could
withstand a 1000 meter depth was constructed and had a sapphire crystal
thickness of 5.1 mm.
Ambassadors: Sylvester
Stallone
Timeline &
Accomplishments:
• 1860 Founded by Giovanni
Panerai
• 1900 Became supplier of Royal
Italian Navy
• 1910 First Luminescent watch
was created (Radiomir)
• 1949 Luminor was created
• 1980 Watch was designed to
withstand 1000 m in depth and was constructed 20 years later