Panerai PAM01038 Luminor "Luna Rossa Regatta" Titanium Gray Dial

Reference PAM01038 is a 2019 Panerai created in connection with the Luna Rossa sailing team, translating the brand's long naval and regatta timing history into a modern 47mm Luminor case. The watch belongs to the Luminor family, more specifically the Regatta execution, and it pairs a gray sailcloth-effect dial with Panerai's distinctive crown-protecting bridge and a lightweight composite case. Panerai fitted it with the automatic caliber P.9100/R, an in-house movement with flyback chronograph architecture, regatta countdown functionality, and a 72-hour power reserve. Collectors will note that this is not a standard Marina configuration, but a purpose-built regatta chronograph with central chronograph indications and a layout developed around sailing use. The gray dial is a defining element here, giving the watch a more technical, instrument-driven character than the black-dial Panerai baseline. Its Carbotech case construction is central to the reference's appeal, since the layered composite material reduces weight on the wrist while reinforcing the tactical character Panerai pursued in late-2010s special sport references. The engraved Luna Rossa connection places it within a specific chapter of Panerai's partnership-driven releases, even if it is not documented here as a numbered boutique or country limited edition. At 47mm, PAM01038 remains firmly in the oversized tradition that links modern Panerai sports watches back to the brand's historic military-derived design language. For buyers who appreciate Panerai's more specialized complications, this reference stands apart for combining contemporary materials, a recognizable partnership context, and one of the brand's dedicated regatta calibers in a distinctly modern execution. Like New with Panerai box, additional strap and papers dated 2020. This piece was just fully serviced by Panerai in Q2/2026.