Panerai has released a 42mm version of its Luminor, reviving the design of the original that debuted aboard the Italian destroyer Durand de la Penne in 1993, and the big news is: it’s small (ish)!
It comes in three references: the PAM01710 in black, the PAM01711 in green, and the PAM01714 in a blacked-out DLC case with a blue dial
The case measures 42mm wide and 13.8mm thick, in brushed and polished steel for the black and green models. That’s not a particularly tiny watch, but compared to Panerai’s flagship models, it’s practically svelte.
The whole thing keeps the Luminor’s signature design elements: the sloped bezel, squared-off flanks, and the crown-locking bridge on the right side of the case. Water resistance holds at 500 meters, on par with Panerai’s larger dive watches.
Inside is the new Calibre P.980, an automatic movement built on a ValFleurier base, running at 4Hz with a 72-hour power reserve and a hacking seconds function.
Panerai finally shrunk the Luminor without cutting corners

Panerai’s biggest obstacle has always been size. Its watches have traditionally run 44mm and up, and past attempts at smaller versions came with real compromises, most notably water resistance dropping as low as 50 meters just to hit a smaller case. That’s a real trade-off for a brand whose whole identity comes from being a genuine dive watch.
This one doesn’t make that trade. The 500-meter rating and full Luminor design language carry over intact at 42mm, alongside a real movement rather than a stripped-down one. The price is a selling point as well: Panerai has built a reputation for charging close to €10,000 for fairly unremarkable pieces, and this one comes in well under that.
It’s a similar instinct to what’s played out elsewhere in the industry this year. Victorinox’s relaunched Maverick leaned into the same “meet people where their wrists are at” logic, dropping case size without gutting what made the watch recognizable in the first place. Panerai is doing the same thing, though at a totally different price point, and it’s a welcome offering for those who like the design but don’t love the old size.
Where to buy it
The Panerai Luminor 42mm is available now through Panerai boutiques and authorized retailers, priced from $6,700 to $7,700.