Panerai continues its collaboration with the U.S. Navy SEALs through the new Submersible Navy SEALs PAM01738, a watch that leans heavily into the brand’s military-inspired heritage while retaining the refined design language that distinguishes the modern Submersible collection. Built as a serious professional dive watch, the latest reference pairs robust specifications with thoughtful details intended to enhance functionality in challenging environments.
The 44mm stainless steel case houses Panerai’s in-house P.980 automatic movement, which delivers a 72-hour power reserve and incorporates a stop-seconds function for precise synchronization. Water resistance is rated to 500 meters, reinforcing the watch’s credentials as a genuine tool watch rather than a purely stylistic exercise.
Legibility plays a central role in the PAM01738’s design. Panerai employs a dual-color luminous system that separates critical information at a glance, with green Super-LumiNova illuminating the hour markers and hands while blue lume highlights the minute hand and bezel reference point. The approach improves readability in low-light conditions and underwater environments where timing remains paramount.
The matte black ceramic bezel rotates unidirectionally and features clearly defined minute markings, while the anthracite dial incorporates subtle military references, including the Navy SEALs insignia and a target-inspired small seconds display. Enlarged hands and indices further reinforce the watch’s purpose-driven character, while a laser-engraved caseback bearing the unit’s motto adds another layer of thematic detail without overwhelming the overall design.
Panerai includes two interchangeable straps with the watch: a black rubber dive strap suited to aquatic use and a gray canvas strap that lends the piece a more casual, everyday appearance. Both utilize the brand’s quick-release system, allowing owners to switch between configurations without tools.
Priced at $12,400 and scheduled for release in July 2026, the Submersible Navy SEALs PAM01738 occupies the increasingly crowded space between professional instrument and luxury collectible. Yet its appeal lies in its clarity of purpose. Rather than relying on decorative military cues alone, Panerai has delivered a capable dive watch that remains faithful to the functional ethos that originally made the brand famous.
