Panerai’s Luna Rossa partnership is back in watch form with two new Luminor models tied to the Italian sailing team’s unmistakable visual identity.
With the 38th America’s Cup building toward crucial racing near Naples, Italy, next year, the timing feels deliberate.
The new PAM01768 and PAM01791 take the same Luna Rossa colour language and apply it to two very different daily-use formats.

At a glance
- Panerai has introduced the Luminor Luna Rossa Chrono PAM01768 and Luminor Luna Rossa GMT PAM01791.
- The chronograph uses a 44mm steel case and P.9210 calibre, while the GMT is a 40mm steel model with a red-tipped second hour hand.
- The chronograph is limited to 500 pieces, while the GMT joins the line as a non-limited model.
A regatta palette for the Luminor case
Both watches sit firmly in familiar Panerai territory, using the Luminor case as the canvas for a Luna Rossa treatment in steel, silver, grey and red.
The silver dials give the pair a clean, technical look rather than a heavily branded one, with red used sparingly for the sailing-team connection.
It’s a smart use of colour because the watches read as Panerai first and Luna Rossa editions second.

The visual link to the team is clear, but it doesn’t overwhelm the basic strength of the Luminor shape.
The 44mm Luna Rossa Chrono leans into race timing
The Luminor Luna Rossa Chrono PAM01768 is the larger and more overtly sporting of the two.
Its 44mm steel case houses Panerai’s P.9210 calibre, a twin-register chronograph movement that gives the model its most practical connection to competitive sailing.

The chronograph pushers are positioned on the left side of the case, leaving the right side to the Luminor crown-protection bridge.
That asymmetry is part of the watch’s appeal, making the chronograph architecture feel particular to Panerai rather than simply added to a standard sports-watch template.
The silver dial is paired with red highlights, while the sub-counter finishing and luminous details keep the layout legible and consistent with the Luna Rossa theme.

Panerai has fitted the chronograph with a closed caseback and a 100-metre water-resistance rating, which is sensible for a watch carrying a sailing connection.
The strap package also matters here.
The PAM01768 introduces a grey textile Velcro strap with a tapered shape and red stripe to the Luna Rossa line, joined by a black rubber strap for a more restrained setup.

The 40mm GMT brings travel function and a first bracelet
The Luminor Luna Rossa GMT PAM01791 takes the same colour story and compresses it into a more compact 40mm steel case.
Where the chronograph feels tied to timing and competition, the GMT is the more travel-minded piece.
Its central second hour hand is tipped in red, a detail tied to the sail of the Luna Rossa boat and one of the most direct design links in the pair.
The silver dial carries similar luminous notes and azurage sub-counter finishing, giving it continuity with the chronograph without turning the two watches into duplicates.
The biggest change is on the wrist.
The PAM01791 comes on a tapered metal bracelet, marking the first bracelet configuration for a Luna Rossa watch.
Panerai’s quick-release system adds practical value, especially for owners who like to move between bracelet and strap without treating it as a workshop job.
Details & Specifications
| Brand | Panerai |
|---|---|
| Collection | Luminor Luna Rossa |
| Models | Luminor Luna Rossa Chrono PAM01768 and Luminor Luna Rossa GMT PAM01791 |
| Case sizes | 44mm for PAM01768, 40mm for PAM01791 |
| Case material | Steel |
| Dial | Silver with red accents, luminous details and azurage sub-counter finishing |
| Chronograph movement | P.9210 calibre in the PAM01768 |
| Complications | Twin-register chronograph for PAM01768, GMT for PAM01791 |
| Water resistance | 100 metres for PAM01768 |
| Strap and bracelet | Grey textile Velcro strap with red stripe and black rubber strap for PAM01768, tapered metal bracelet with quick-release system for PAM01791 |
| Production | PAM01768 limited to 500 pieces, PAM01791 not limited |
Taken together, the two watches give Panerai’s Luna Rossa line a useful split personality.
The chronograph is the more muscular sailing instrument, while the GMT is the easier everyday proposition, especially for collectors who have been waiting to see the Luna Rossa treatment on a bracelet.




