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Officine Panerai

That is correct

 

the Slytech Blackseal Panerai was assembled AFTER the takeover, never by Panerai. It was apparently made from real parts. In my book, that would make the 5218-218 a 'non-Panerai'. You have to read what Mario Paci wrote very carefully with the information above in mind....

 

San Marco is a different story altogether. Until today, no proof this watch ever existed.

 

Asi.

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