Luxury watch revival brings bulky Panerai timepieces no relief
Secondhand prices for the Richemont-owned Italian marque have slipped 8% since January 2024, even as Cartier and Vacheron Constantin post double-digit resale gains.
‘Luminor Marina’ model watches, waterproof up to 500m, are displayed in an aquarium at the booth of Italian luxury watch manufacturer Panerai, owned by Richemont group, during the opening day of ‘Watches and Wonders’ in Geneva on April 1, 2025. Image: Getty Images
‘Luminor Marina’ model watches, waterproof up to 500m, are displayed in an aquarium at the booth of Italian luxury watch manufacturer Panerai, owned by Richemont group, during the opening day of ‘Watches and Wonders’ in Geneva on April 1, 2025. Image: Getty Images
