Two years back, Panerai released the Luminor Submersible 1950 3 Days Oro Rosso PAM 684 - the first Panerai Submersible model with a 42mm case and with water-resistance of 100 metres.
The latest Submersible watch follows on from that model and also features a 42mm case; however, it is the material used for making the case that catches the eye.
Called Goldtech, the unique material is an alloy made of gold which is mixed with a percentage of copper to give it a more intense red hue and platinum, which prevents the material from oxidizing.
The watch also has a black ceramic anti-clockwise rotating bezel and a black dial, like its predecessor, that contrasts with the gold-coloured case.
Inside the new Panerai Submersible is the OP XXXIV Caliber, a 4 Hz (28,800vph) self-winding movement that can be viewed from the sapphire crystal case back and offers a power reserve of three days.
The new Submersible watch is also water-resistant to 100 metres and comes matched to a black rubber strap.
The Panerai Submersible Goldtech PAM 974 is priced at $26,700.