News · Panerai

Panerai's Carbotech Luminor Marina puts a jumping hour hand on a plain three-hander, A$24,500

Panerai's PAM01707 wraps a plain black sandwich dial in marbled Carbotech and gives it an hour hand that sets on its own, at A$24,500.

Hen & Mills Editorial · 2 min read · 13 August 2026

Panerai Luminor Marina PAM01707 in a black Carbotech case with beige lume and a brown calf strap — Panerai

The case is the reason this watch exists. Carbotech is carbon fibre in sheets, stacked with every layer turned off the angle of the one below it, then pressed together with PEEK. Do that and the surface comes out marbled and streaky, and because no two stacks are turned the same way Panerai reckons no two cases end up looking alike. So the PAM01707 you buy is not quite the PAM01707 anyone else buys. I still can't decide whether that is the whole appeal or a detail you stop noticing by the time you've finished your coffee.

The dial had the sense to stay out of it. Matte black sandwich, beige Super-LumiNova, aged-brown calf, no date. When the case is already doing something, the dial doing nothing is the right call.

The PAM01707 straight on, showing the matte black sandwich dial, small seconds at nine and no date window — Panerai

Beige in daylight, green in the dark

The beige lume is not a different glow. It goes the usual green once the lights are off. Beige is a daytime decision, a warmer tone that reads like tritium a few decades into ageing, without you having to buy and live with an actual sixty-year-old Luminor.

It's a sandwich dial, so the Arabic numerals and the hour markers are cut through the top plate with the luminous layer sitting underneath. That is where the depth at 12, 3, 6 and 9 comes from. No date. Small seconds at 9 o'clock, which Panerai describes as a quick way to check the watch is running, and which also keeps the layout off perfect symmetry. I'd take the asymmetry every time.

An independent hour hand on a watch with no GMT and no date

The P.9010 is 6mm thick, 13¾ lignes, 31 jewels, Glucydur balance, 28,800 vibrations an hour, Incabloc, 200 components. Two barrels in series carry three days of reserve, two reversing wheels handle the winding, and there is a stop-seconds for setting.

The hour hand moves in one-hour steps on its own, without stopping the movement. That feature usually turns up on a GMT, where you want a second time zone, or alongside a date so the calendar rolls over with it. This watch has neither, so the mechanism does exactly one job. You land somewhere, click the hour hand where it needs to be, and the seconds never break stride. It is my favourite thing here, and Panerai barely mentions it.

Side view of the PAM01707 with the Carbotech marbling visible across the case flank and crown-protecting bridge — Panerai

Tested 25 per cent past its own rating

Water resistance is 30 bar, roughly 300 metres. Panerai says that at the Laboratorio di Idee the case and gaskets go through a simulated ten-year ageing process first, and then every finished watch is immersed at 25 per cent above the rating it carries. Printing a depth figure is normal. Telling you what the gaskets were aged through before the test is less normal, and it deserves some credit.

The case back is screwed titanium with a DLC coating, and it is closed, so nobody ever sees the P.9010 working. The buckle is trapezoidal titanium, DLC again, 22mm. The whole thing weighs 100 grams.

A$24,500 here, £13,100 in Britain

Panerai lists the PAM01707 at A$24,500 on its Australian site and £13,100 in the United Kingdom, two regional prices rather than a discrepancy. It is real money for a three-hander whose movement you will never lay eyes on, though that has never bothered a Luminor buyer before, and the independent hour does more for the watch than a display back would.

Both prices include a second strap, black rubber in the same 24/22 taper as the calf.