For those who favor advanced materials and a stealthier aesthetic, the Panerai Submersible Marina Militare PAM01698 takes the same naval aviation inspiration and renders it in ultra-light, high-performance Carbotech. Building on Panerai’s legacy of innovation and technical partnerships, this version caters to wearers who prioritize cutting-edge engineering without sacrificing heritage.
Measuring 44mm in diameter, 53.5mm lug-to-lug, and 13.3mm thick, the PAM01698 boasts a case constructed entirely from Carbotech, which is a proprietary carbon-fiber composite exclusive to Panerai. This layered material is not only lighter than titanium but also more corrosion-resistant and impact-tolerant, making it ideal for the rigors of both air and sea operations. The rotating dive bezel is also fashioned from Carbotech for a consistent finish.
On the back, a screw-down Carbotech caseback showcases the engraved and perfectly aligned insignia of the Aviazione Navale. This careful alignment emphasizes Panerai’s commitment to military-grade functionality with elevated design details. The lightweight nature of the material contrasts with the visual heft of the case, offering a stealthy yet commanding profile.
The crown protection system is integrated into the Carbotech case, with Panerai’s signature locking bridge ensuring security during extreme activities. All topped by a flat sapphire crystal that protects the dial while maintaining legibility and strength. Water-resistance can reach up to 300 meters (1000 feet).
As with its steel sibling, the PAM01698 features a matte dark green dial with a black gradient finish. The sandwich-style construction adds dimensionality, while the dial elements are built to maximize legibility and durability under harsh conditions.
The small seconds sub-dial at 9 o’clock incorporates the radar-inspired motif and embossed anchor, underscoring the watch’s functional roots and naval inspiration. Skeletonized hands and applied indices are filled with grey Super-LumiNova X2, emitting a clean and consistent glow.
This model also benefits from enlarged indices that are 20% larger than previous models, resulting in a 45% increase in luminous coverage. The overall design balances technical precision with aesthetic harmony, making it suitable for tactical use while still appealing to watch collectors and military enthusiasts alike.

Officine Panerai Submersible Marina Militare
The “Panerai Submersible Marina Militare” (Ref#: PAM01698) is powered by the in-house automatic movement, caliber P.900, with 23 jewels, 171 components, and a frequency of 28,800 vph. This robust movement is known for its slim profile at just 4.2mm thick, contributing to the relatively modest case thickness. It features central hours and minutes, a small seconds sub-dial, and a hacking seconds mechanism for precise time setting. Power reserve can last up to 72 hours when fully wound.
Mounted on the watch is a green canvas strap that matches the dial's military hue, secured by a wide trapezoidal pin buckle in titanium with DLC coating. An additional black rubber strap is included for more rugged or aquatic scenarios. Strap changes are easy thanks to Panerai’s intuitive push-button release system, making this model versatile enough to go from cockpit to coastline with ease. For more up to date information visit the official Officine Panerai website here.
MSRP: $19,500.00 USD

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