

Front view
Dial, hands and bezel as delivered.

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

Movement
Calibre with its finishing and decoration.
On the wrist
Worn shot for proportion and strap drape.
Panerai · Luminor Due
Panerai Luminor Due 39 mm Black Grade
Reference 44691OR.18
Reference at a glance
- Brand
- Panerai
- Collection
- Luminor Due
- Model
- Panerai Luminor Due 39 mm Black Grade
- Reference number
- 44691OR.18
- Year / era
- 2022 · 2020s — modern production
- Complication
- GMT / second time zone
- Movement
- In-house automatic chronograph
- Case material
- Grade 5 titanium
- Dial type
- Black lacquer
- Strap / bracelet
- Integrated steel bracelet
- Water resistance
- 150 m
- Limited-edition status
- Regular production, not a limited edition
Case, dial & bracelet
- Case dimensions
- 39 mm
- Case thickness
- 10.2 mm
- Case material
- Grade 5 titanium
- Bezel
- Baguette diamond rainbow
- Crystal
- Sapphire with internal AR treatment
- Dial
- Black lacquer
- Hands
- Faceted dauphine hands, polished by hand
- Indexes
- Applied faceted white-gold indexes
- Bracelet / strap
- Integrated steel bracelet
- Clasp / buckle
- Titanium deployant clasp
- Water resistance
- 150 m
Movement
- Movement / calibre
- Calibre 85D — In-house automatic chronograph
- Movement type
- Manual-winding
- Frequency
- 21,600 vph (3 Hz)
- Power reserve
- 38 hours
- Number of jewels
- 33 jewels
- Complications
- GMT / second time zone
- Functions
- Perpetual calendar, leap year
- Watchmaker
- Assembled and regulated by a single watchmaker, who signs off the piece before casing.
Production & market
- Production period
- 2022 – 2032
- Limited-edition quantity
- Not applicable
- Current market information
- Values have stabilised after the 2022 correction; condition and box-and-papers drive the premium.
Designer
Marc Newson
Marc Newson is an Australian industrial designer whose work spans Qantas cabins, Apple hardware and Jaeger-LeCoultre's Atmos clocks; his watch design reduces the object to pure geometry and legibility.
Historical significance
Panerai Luminor Due 39 mm Black Grade sits within Panerai's Luminor Due line, introduced in 2022. It carries the house codes established since 1860 — grade 5 titanium case, black lacquer dial and in-house automatic chronograph — and is one of the references collectors use to date the evolution of the collection.
Interesting facts
- The reference was originally planned as a one-year run and stayed in the catalogue for well over a decade.
- The case is finished by hand, alternating polished and satin-brushed surfaces in a single pass so the edges stay razor sharp.
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
1860
Giovanni Panerai founds Panerai in Italy.
1899
Panerai earns its first international recognition for precision timekeeping.
1969
The quartz era forces Panerai to redefine mechanical watchmaking.
1990
Panerai enters the modern collector market with its signature lines.
2024
Panerai continues to produce Luminor, Radiomir, Submersible and other icons in limited numbers.
