Both in polished titanium. I now understand one BIG issue, and a good one...titanium here is MUCH harder to scratch. Besides that. The HM5 is actually, to me, an improved engineered HM3. Aesthetically, it is a SPORTS version of the HM4, panda or not. And ...
Congratulations Bernard on picking up the Panda HM4! Awesome watch. I just recently got myself the Double Trouble, and I could not be happier! Will you be at Watches & Wonders in HK in September?