Officine Panerai

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I don't want to spoil anyone's fun... 🙏

And I'm not sure if I'm allowed to quote "perezcope.com" here, if not please, dear Mods, just delete my post.

The quotes are from two articles that appeared eight months and four days ago.

1.
„A good example from recent history would be the OP XXXIV which powered a number of Luminor Due and Submersible models. The OP XXXIV was made by Manufacture Horlogère ValFleurier, Richemont’s very own movement manufacturer. Richemont is a luxury group that owns Panerai and several other watch brands such as Cartier, Jaeger LeCoultre, Vacheron Constantin, IWC, etc.
It is said, Manufacture Horlogère ValFleurier, together with a bunch of Richemont experts, developed the aforementioned caliber for Richemont’s entry-level brand Baume & Mercier where it was marketed as Baumatic BM12-1975A. The interesting thing about its variant OP XXXIV is that Panerai dropped the name just recently. Today, and this is important, the very same movement goes by the name of P.900 and is showcased in Panerai’s in-house movement section.“

2.
And (4 days ago) - I quote this text from perezcope referring to Chronometers expressed disappointment here.

„Prices for Panerai watches keep going up but the quality seems to diminish with every new release. Laughable water resistance, fake screw-down casebacks (pressure-fit with dodecagonal shape), spring bars, ETA movements passed as “in-house”, opaque “display” casebacks to save precious material and now closed casebacks to hide completely undecorated calibers. These are not necessary cuts to secure the survival of a struggling company but rather tweaks to make even greater profits at the expense of their customers. Keep in mind, the average production cost for non-precious metal Panerai watches, including material and movement, is around USD 350. That is right, three five zero! The profits Richemont is making off all of their watch brands is exorbitant and yet, they keep squeezing the lemon. Cutting costs is one thing but trying to fool people and keeping substantial downgrades secret is another. Never mind the fact that historically, Panerai is not even a real watch brand but just a made-up Richemont hoax producing replicas of old Rolex Oyster watches. Panerai’s dishonesty and willingness to deceive their customers is staggering. Something is rotten in the canton of Neuchâtel.“

I'm still attracted to Panerai and we have not to agree with everything written in these articles, but this is at least food for thought for me…

All the best
Thomas

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