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Officine Panerai

Its an aftermarket DLC/PVD treatment...

 

Which has become quite popular due to the sky high prices on PVD PAM's like 4, 9, 195, 26, etc

A DLC 005 looks almost identical to the 195 but I believe the PVD of the 195 may be darker and more shiny. Also, I am not completely sure but DLC treatment may void the warranty of the watch.

Hope this helps.

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