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Throughout its long history since its founding in 1860, Panerai has always been a specialist manufacturer of precision mechanical equipment. It wasn't until 1993 that they shifted their primary focus towards the civilian market, primarily with the Luminor Marina series, and began expanding their product lines. In 1997, Panerai became part of the Richemont Group and, building upon the philosophical foundations of the company, introduced numerous watch models. Today, they stand as a core brand within the Richemont Group, with a strong emphasis on achieving in-house movement manufacture and introducing unique new materials, solidifying their position in the market and enjoying widespread popularity.