amanico presents a compelling comparison between two vintage Panerai chronograph marvels: the PAM 163 in steel and the PAM 192 in tantalum. His personal reflection on regretting the sale of the PAM 192, particularly its unique tantalum case, invites the community to share their preferences and insights on these rare references.
2004 PAM 192 and its tantalum case. Credit picture Sothebys.

2003 PAM 163, steel. Credit unknown.
44 mm Luminor case, versus 44 mm Radiomir Case. Limited Edition of 300 pieces for the 192, 230 pieces for the 163.
Valjoux 234 manual chronograph movement for the 163, Lemania hand wound movement ( if my memory serves me well ) for the 192.
I used to own both of them, and the one I regret the most is the PAM 192. Its tantalum case, the lack of date is still in my heart.
And you, which one do you prefer?
Best,
Nicolas
About the Panerai PAM00163 - Radiomir Chrono, steel case Ref. PAM163
The PAM00163 represents Panerai's chronograph interpretation within the Radiomir collection, distinguished by its timing function capability. This reference combines the brand's characteristic case architecture with additional chronograph complications, positioning it as a more complex offering within the Radiomir series.
The watch features a 44mm steel case paired with a black dial configuration. The steel construction provides durability while maintaining the substantial presence associated with this case size. The black dial creates contrast against the steel case material, offering clear legibility for the chronograph displays and time indication.
This reference appeals to collectors seeking Panerai's distinctive aesthetic with added chronograph functionality. The PAM163 occupies a specific position for those who prefer the combination of steel case construction with timing capabilities, representing an alternative to time-only variants within the Radiomir chronograph lineup. The 44mm sizing targets wearers comfortable with substantial case dimensions.
Specifications
- Case
- steel case
- Diameter
- 44mm
- Dial
- black dial
About the Panerai PAM00192 - Luminor Chrono Tantalum Ref. PAM192
The PAM192 represents Panerai's application of tantalum case construction to the Luminor Chrono series. This reference distinguishes itself through the use of an uncommon precious metal case material within the chronograph-equipped Luminor lineup.
The 44mm case is constructed from tantalum and houses a chronograph movement. The watch features a black dial that provides contrast against the grey-toned tantalum case material. The case follows the Luminor architecture with its characteristic crown protection system.
This reference appeals to collectors seeking alternative precious metal options beyond traditional gold or platinum offerings. The tantalum construction provides a distinctive material choice within Panerai's chronograph collection, offering collectors access to one of the less commonly utilized precious metals in contemporary watchmaking. The PAM192 serves collectors interested in both the functional complications and uncommon case materials within the Luminor range.
Specifications
- Case
- tantalum
- Diameter
- 44mm
- Dial
- black dial
About the Panerai Mare Nostrum Steel Ref. PAM300
The PAM300 represents Panerai's Mare Nostrum series in a steel case configuration. This reference delivers the Mare Nostrum design in brushed steel construction with a substantial 52mm case diameter.
The watch features a brushed steel case measuring 52mm across, paired with a matching brushed steel bezel. Protection comes from 1.6mm sapphire crystal, while water resistance extends to 30 meters. The movement is the Calibre OP XXV, housed within the steel case construction.
This reference appeals to collectors seeking a large-format steel sports watch from Panerai's Mare Nostrum collection. The 52mm case size positions it for those who prefer substantial wrist presence, while the brushed steel finishing provides a utilitarian aesthetic. The PAM300 offers an entry point into the Mare Nostrum series for collectors focused on steel case variants.
Specifications
- Caliber
- OP XXV
- Case
- Brushed Steel
- Diameter
- 52mm
- Dial
- Blue
- Water Resist.
- 30m
- Crystal
- 1.6mm Sapphire