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Panerai Luminor 38 mm Black Ceramic
Panerai Luminor 38 mm Black Ceramic — Front view

Front view

Dial, hands and bezel as delivered.

Case-back view

Case-back view

Case-back engraving and, where fitted, the sapphire display.

Movement

Movement

Calibre with its finishing and decoration.

On the wrist

On the wrist

Worn shot for proportion and strap drape.

Panerai · Luminor

Panerai Luminor 38 mm Black Ceramic

Reference 12313OR.19

Reference at a glance

Brand
Panerai
Collection
Luminor
Model
Panerai Luminor 38 mm Black Ceramic
Reference number
12313OR.19
Year / era
2007 · 2000s — modern production
Complication
Flyback chronograph
Movement
In-house automatic, Superlative Chronometer
Case material
Ceramic
Dial type
Black lacquer
Strap / bracelet
NATO textile strap
Water resistance
30 m
Limited-edition status
Regular production, not a limited edition
Compare this reference

Case, dial & bracelet

Case dimensions
38 mm
Case thickness
10.2 mm
Case material
Ceramic
Bezel
Fixed brushed titanium
Crystal
Box sapphire with AR coating
Dial
Black lacquer
Hands
Faceted dauphine hands, polished by hand
Indexes
Applied faceted white-gold indexes
Bracelet / strap
NATO textile strap
Clasp / buckle
Titanium deployant clasp
Water resistance
30 m

Movement

Movement / calibre
Calibre 9B — In-house automatic, Superlative Chronometer
Movement type
Manual-winding
Frequency
21,600 vph (3 Hz)
Power reserve
5 days
Number of jewels
40 jewels
Complications
Flyback chronograph
Functions
GMT second time zone, date
Watchmaker
Finishing, assembly and timing are carried out in the manufacture's own atelier.

Production & market

Production period
2007 – 2011
Limited-edition quantity
Not applicable
Current market information
Thin secondary-market supply — pricing is set piece by piece at auction.

Designer

Emmanuel Gueit

Emmanuel Gueit came from a family of Geneva jewellers and was barely into his twenties when he drew the oversized Royal Oak Offshore in 1993 — a watch the house's traditionalists resisted and collectors turned into an icon.

Historical significance

Panerai Luminor 38 mm Black Ceramic sits within Panerai's Luminor line, introduced in 2007. It carries the house codes established since 1860 — ceramic case, black lacquer dial and in-house automatic, superlative chronometer — and is one of the references collectors use to date the evolution of the collection.

Interesting facts

  • The case is finished by hand, alternating polished and satin-brushed surfaces in a single pass so the edges stay razor sharp.
  • The reference was originally planned as a one-year run and stayed in the catalogue for well over a decade.
PA

The House

Panerai

Brand facts

Founding year
1860
Founder
Giovanni Panerai
Headquarters
Italy
Tier
Luxury
Major collections
Luminor, Radiomir, Submersible, Luminor Due, Quaranta
Signature technologies
Hand-applied guilloché dials · Proprietary case-hardening and polishing · In-house hairspring production
Famous movements
In-house manual-winding · In-house automatic, chronometer certified · In-house automatic, Superlative Chronometer · In-house automatic chronograph
Notable watches
Panerai Luminor 39 mm Black Stainless (1968) · Panerai Luminor 44 mm Salmon Ceramic (1955) · Panerai Radiomir 40 mm Skeletonised Quartz (1963) · Panerai Radiomir 44 mm Green Carbon (1995)

Brand history

Panerai has spent more than 166 years refining a single idea: a watch should outlive its owner. From the earliest workshop pieces to today's Luminor, the house has balanced technical ambition with a recognisable design language, and its collections remain among the most closely followed by collectors worldwide.

Giovanni Panerai established Panerai in 1860, working from Italy at a time when precision was measured by hand. The founder's obsession with finishing and accuracy still defines every Panerai calibre produced today.

Historical milestones

  1. 1860

    Giovanni Panerai founds Panerai in Italy.

  2. 1899

    Panerai earns its first international recognition for precision timekeeping.

  3. 1969

    The quartz era forces Panerai to redefine mechanical watchmaking.

  4. 1990

    Panerai enters the modern collector market with its signature lines.

  5. 2024

    Panerai continues to produce Luminor, Radiomir, Submersible and other icons in limited numbers.

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