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Officine Panerai

Seems unlikely...

 

...as you know several people have bought the watch (including myself) under the assumption that it is a LE. It is a real stretch to think that they can make that change after they have sold a handful. My guess is that as part of the "settlement" with the Italian Navy, Panerai was asked to sell the watches in a "low profile" way. I believe the Navy has another licensee form the Marina Militare trademark and perhaps this compromise was reached?

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