For those who love Panerai but have hoped for thinner references, 2025 could be the year! The new Luminor Marina collection is here, bringing a flurry of upgrades and changes over the previous generation. A slimmer, newly designed case comes with a new movement and an increased water resistance rating. Let’s have a closer look.

Panerai is a brand that resonates with so many of us in the watch-collecting community. The company made one of the first watches I ever lusted after, and I still look forward to the annual new releases. Currently, smaller and thinner watches are on trend, which is a challenging spot for Panerai. The updated Luminor Marina collection isn’t becoming petite, but it is thinner now.

Panerai Luminor Marina PAM03325

The new Panerai Luminor Marina collection

As expected, the new Luminor Marina lineup includes several new references. Different dial colors, straps, and case materials are all a part of the announcement. The 44mm case size remains, but the big news is a 12% reduction in thickness, giving the watches a pleasant 13.4mm profile. Also, while Panerai has produced some lightweight diver-inspired references in recent years, these new Luminor Marina models have gained capability. The outgoing ones were rated water resistant to 300 meters. The depth rating now increases to 500 meters, which should please the spec hounds.

Panerai Luminor Marina bracelet extension

Other details worth noting are the sandwich dials and the use of Super-LumiNova X2. Also, all date wheels match the dials. The Click Release System is also used on the straps and bracelet, making changes a breeze. Aesthetically, an update that many will appreciate is the loss of the blue small seconds hand. It is now polished metal again.

Panerai Luminor Marina case back and P.980 movement

A new caliber — the P.980

Panerai has also chosen the Luninor Marina to receive its new caliber, the P.980. This automatic caliber appears to be a P.900 with enhanced finishing. The reason for the extra effort is the inclusion of a new sapphire display case back, which replaces the former solid version. In terms of performance, Panerai tests the automatic movement in six positions for accuracy. Like many of the brand’s calibers, it has a lengthy three-day power reserve and a frequency of 28,800vph.

Panerai Luminor Marina PAM03323 in box

Five new Luminor Marina references

Panerai buyers seem to like options, and the new Luminor Marina collection has them in spades. Some remind me of models from the early 2000s, while others utilize new dial shades. Let’s run through them quickly.

Panerai Luminor Marina PAM03312

PAM03312

The Luminor Marina ref. PAM03312 is the most traditional-looking model. It contains a matte black dial with a brushed stainless steel case and polished bezel. The black crocodile strap is fitted with ecru stitching. This version will retail for €8,900.

Panerai Luminor Marina PAM03313 crown up

PAM03313

The PAM03313 reminds me of when I first looked at buying a Panerai in 2001. Its rich dark blue dial looks great in the new case. Years ago, I associated blue-dial Panerai watches with titanium cases, but this one’s case is stainless steel. A matching blue crocodile strap with ecru stitching completes the look. The pricing is the same as the black-dial model at €8,900.

Panerai Luminor Marina PAM03314

PAM03314

Perhaps the title of “Most Distinctive Luminor Marina” goes to the PAM03314 with its matte white dial and stainless steel case. The Super-LumiNova blends into the dial instead of contrasting like on other models, creating a unique albino effect. The black crocodile strap provides contrast and matches the printing on the dial. Like the two before it, this watch will retail for €8,900.

Panerai Luminor Marina PAM03323 crown up

PAM03323

The sole new Luminor Marina offered on a bracelet is PAM03323. It has a light blue sunray dial with crisp white Super-LumiNova. Unsurprisingly, this is a more expensive variant at €9,900.

The final Luminor Marina — PAM03325 Titanio

The fifth and final new Luminor Marina is reference PAM03325. Panerai calls this the Titanio because of its Grade 5 titanium case. The brushed case contrasts nicely with a polished bezel. Unlike the other models with crocodile straps, the Titanio comes with a green-gray calfskin strap and a titanium buckle. The price of €9,900 reflects the more challenging material.

Panerai Luminor Marina PAM03312 profile crown side

Final thoughts

The new Luminor Marina collection should please those who appreciate the typical Panerai aesthetic. For those new to the brand, the thinner case and curved lugs should make the watches more appealing than the prior generation. We look forward to seeing these in person. Stay tuned for an in-depth, hands-on review of the Titanio version.

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Watch specifications

Brand
Model
Luminor Marina
Reference
PAM03312 (Matte black, steel) / PAM03313 (Blue sunray, steel) / PAM03314 (Matte white, steel) / PAM03323 (Light blue sunray, steel) / PAM03325 (Green sunray, titanium)
Dial
Matte black, blue sunray, matte white, light blue sunray, and green sunray sandwich dials with Super-LumiNova X2, small seconds, and color-matched date disc
Case Material
316LVM stainless steel or Grade 5 titanium
Case Dimensions
44mm (diameter) × 13.4mm (thickness)
Crystal
Sapphire
Case Back
Stainless steel or titanium with sapphire display, screw-in
Movement
Panerai P.980: automatic winding, hacking, 28,800vph frequency, 72-hour power reserve, 23 jewels, 177 components
Water Resistance
50 bar (500 meters)
Strap
Alligator or calf leather with stainless steel or titanium buckle / Stainless steel bracelet with butterfly clasp and quick length adjustment
Functions
Time (hours, minutes, small seconds), date
Price
€8,900 (PAM03312 / PAM03313 / PAM03314) or €9,900 (PAM03323 / PAM03325)
Warranty
Six years (extendable to eight)