Panerai’s Submersible Marina Militare PAM01697 and PAM01698 are tactical evolutions of the brand’s dive watch lineage, paying tribute to the Italian Navy’s aviation division (Aviazione Navale). Both models feature green-grained dials, radar-style subdials, and engraved casebacks, but diverge in material execution—one in brushed steel, the other in Panerai’s proprietary Carbotech™.
Panerai Submersible Marina Militare PAM01697 & PAM01698 Carbotech™
The PAM01697 and PAM01698 share a common design language and movement architecture, yet they cater to different use cases and collector profiles. The PAM01697, priced at $12,500 USD, offers a more traditional tactile experience with its brushed steel case and matte green ceramic bezel. It’s grounded, versatile, and accessible—ideal for those who value practical material strength and weighty wrist presence.
In contrast, the PAM01698, at $19,500 USD, is a aesthetic-forward execution. Its Carbotech™ case is significantly lighter and more resistant to corrosion, making it a better fit for daily wear comfort. The layered carbon grain also gives each piece a unique visual texture, adding to its stealthy sports look. Both watches are powered by the P.900 movement with a 72-hour power reserve and 300m water resistance. Both watches are non-limited, which is a strategic shift for Panerai—removing scarcity as a value driver.
| Specification | PAM01697 – Steel | PAM01698 – Carbotech™ |
|---|---|---|
| Movement | P.900 automatic, 72h power reserve | P.900 automatic, 72h power reserve |
| Frequency | 28,800 vph | 28,800 vph |
| Functions | Hours, minutes, small seconds, date | Hours, minutes, small seconds, date |
| Case Material | Brushed stainless steel | Carbotech™ (carbon fiber + PEEK) |
| Case Diameter | 44 mm | 44 mm |
| Case Thickness | ~13.45 mm | ~14.25 mm |
| Lug-to-Lug | 53.5 mm | 53.5 mm |
| Bezel | Matte green ceramic, unidirectional | Carbotech™, unidirectional |
| Caseback | Steel, engraved Aviazione Navale emblem | DLC-coated titanium, engraved emblem |
| Water Resistance | 300m / 30 bar | 300m / 30 bar |
| Dial | Green-grained matte, grey Super-LumiNova® | Green-grained matte, grey Super-LumiNova® |
| Subdial | Small seconds at 9 o’clock | Small seconds at 9 o’clock |
| Straps | Green canvas + black rubber | Green canvas + black rubber |
| Buckle | Trapezoidal pin | Trapezoidal pin |
| Quick Release | Push-button lug system | Push-button lug system |
| Price | $12,500 USD | $19,500 USD |
