The New Panerai P.9010 – Perpetual Downgrading – Vintage Panerai and other iconic timepieces under the loupe at Perezcope

In late 2020, Panerai prospects began noticing that their newest P.9010-powered watches now not had “hacking seconds”, a characteristic that stops the seconds hand for correct adjustment. Since all of those actions had been now hidden behind closed casebacks, folks couldn’t assist however surprise what else had modified. An image which surfaced just a few days in the past on an Italian Panerai discussion board reveals the extent to which the P.9010 motion was downgraded. Gone will not be solely the “hacking seconds” characteristic however with it all of the ending one would anticipate in a Swiss-made watch beginning at round US$ 8k. What is left of the motion – which mockingly is named P.9010 “Evolution” – is a unit that appears like a type of loveless, mass-produced calibers made within the Soviet Union on the peak of the Cold War. But the P.9010 will not be the one caliber that was downgraded with out discover. Latest examples of the smaller P.900 misplaced their “hacking” mechanism as effectively.

Panerai P.9010

The P.9010 is an computerized motion made by Richemont’s motion provider Manufacture Horlogère ValFleurier however claimed to be an in-house caliber “executed completely by Panerai” or because it has been rephrased following my extremely essential article Panerai In-House Movements – A Pam Of Worms, “created by Panerai”– no matter meaning.

Panerai P.9010 in its authentic type

The P.9010 is the successor of the thick P.9000, and was first launched in 2016 with the PAM1312 which changed the chunky PAM312. Although nowhere close to “Haute Horlogerie”, the P.9010 had the sort of end one may anticipate in watches of this worth vary. Rotor and bridges featured a satin-brushed end, all bridges had polished chamfers (anglage), all holes in the primary bridge had polished countersinks, the primary plate was snailed across the edge and the world beneath the steadiness bridge was properly embellished with a round graining referred to as perlage. Decorated had been after all solely the seen areas. Other manufacturers on this worth class adorn their actions additionally in locations that aren’t seen to the attention, for example beneath the barrel as within the picture under. It is named the artwork of watchmaking.

Finishing Rolex vs. Panerai

A more in-depth have a look at the dial facet of the P.9010 reveals there isn’t a ornament in any respect. As might be seen within the image under, the Rolex 3235 has full perlage on the dial facet, a spot not seen to the attention. The floor of the P.9010 is simply micro-sandblasted. All plates are micro-sandblasted after machining eliminate burrs and gear marks.

Finishing Panerai OP XI (ETA 6497-2) vs. Panerai P.9010

The hour hand of the P.9010 might be adjusted with out interfering with the minute hand, which is handy once you journey between time zones. In addition, there may be additionally a mechanism referred to as “hacking seconds” which stops the seconds hand when the crown is pulled all the way in which. The image under is a screenshot taken from the present P.9010 video on the Panerai web site and exhibits the very second the “hacking seconds” lever enganges with the steadiness wheel to cease it from oscillating.

Screenshot of the P.9010 video on the Panerai web site with the ‘hacking seconds’ lever engaged to the steadiness wheel

In this rendering, you may see the polished chamfers, the perlage on the mainplate and the satin-brushed bridges. Note the perimeters of the plates. Those are micro-sandblasted surfaces. After machining, all plates are micro-sandblasted to take away burrs, software marks, and so forth. Please hold this behind your thoughts for later.

Panerai P.9010 “Evolution”

In late 2020, a lot of Panerai prospects began lamenting the seconds hand on their P.9010-powered watches wouldn’t cease after they pulled the crown. Expecting it to be a producing defect, the watches had been despatched again to Panerai. It was not a flaw although. Panerai had quietly downgraded the P.9010 in June 2020, within the midst of the worst pandemic in a century. Neither was the web site up to date nor had been the distributors, particularly Panerai boutiques and ADs, knowledgeable. In mid January 2021, information in regards to the lacking “hacking seconds” broke on TRF (The Rolex Forums) after an impacted Panerai buyer shared the next reply from Panerai:

Please be suggested that the P.9010 motion used within the PAM01313 has been up to date as of 2020. This motion now not options the hacking seconds or seconds reset operate. The aesthetic of the motion has additionally been modified from horizontal brushing to a microblasted ending.

The information unfold like wildfire by main watch boards and Panerai fb teams. Faced with numerous inquiries and hit by a barrage of damaging suggestions, Panerai was compelled to replace the net description of the motion however refrained – till at the moment – from publishing an precise image of the brand new motion that includes “microblasted ending”. What adopted was a veritable paper chase for photos of the particular motion however it could take greater than a yr earlier than the primary picture surfaced. I have to say, Panerai did an incredible job at preserving the total extent of the downgrade secret.

The following image (left) was supplied by an Italian Panerai buyer who had the watch opened by a watchmaker only in the near past. Gone isn’t just the “hacking seconds” operate but additionally all of the ending one would anticipate in watches that price at the very least USD 8k however can go as much as USD 30k.

Panerai P.9010 “Evolution” vs. P.9010 “Original”

Interestingly, most Luminor watches that includes the P.9010 – together with bestsellers just like the PAM1312 – obtained closed casebacks in 2020 so with only a few exceptions, the P.9010 is now nearly utterly out of sight. Panerai claims the brand new actions has a “microblasted ending”. Let’s break this down, lets? After machining, all plates have to be micro-sandblasted anyway to eliminate burrs and gear marks. Micro-sandblasting will not be a ending, it’s a mechanical necessity. Calling it a end is a stretch. The unhappy fact is, Panerai dropped the ending altogether to save lots of price and hid the motion for so long as doable. Add particulars just like the Soviet-style pallet fork bridge, a punched and press-formed a part of the most cost effective doable kind, after all naked of any ornament, and also you begin understanding what you’re getting to your hard-earned cash.

Comparsion pallet fork bridge

All Panerai fashions powered by the P.9010 which have shut casebacks at the moment are outfitted with the brand new motion. Without “hacking seconds” and ornament nonetheless, this could now not be thought of a P.9010 and calling it an “evolution” is just audacious. It is quite the alternative, a devolution. It is a lesser variant of the caliber and should obtain a brand new reference quantity in order that potential consumers know what they’re coping with. To this date, Panerai has not supplied an image of the motion to the general public.

The P.9010 downgrade is reminescent of one of many greatest deceptions of the Swiss watch business. In 2009, Panerai launched the PAM318 “Brooklyn Bridge” Special Edition which as was later found, featured essentially the most primary ETA 6497 one can think about, a motion that prices barely USD 50. According to the Panerai catalogue, the watch was alleged to have a properly embellished OP II (ETA 6497 COSC) with Côtes de Genève and warmth blued screws however when somebody opened one of many watches in 2011, what they discovered was a uncooked ETA 6497 as a substitute. The motion didn’t even have an Incabloc shock safety.

Panerai Panerai OP XXIX (uncooked ETA 6497) vs. Panerai OP II

Speaking of ornament, as proven earlier the unique model of the P.9010 is just embellished in areas which might be seen to the attention. This was already the case with ETA 6497-based actions. Perlage was solely utilized the place it could possibly be seen by the gaps between the bridges.

Panerai ETA 6497 mainplate

Yes, that is carried out by different “luxurious” manufacturers as effectively however it’s a unhappy growth however. Real luxurious is abundance, it’s going the additional mile as a creator. With their secret transfer to utterly undecorated, uncooked actions, hidden away behind closed casebacks, Panerai is displaying us their true face – as soon as once more.


Prices for Panerai watches hold going up however the high quality appears to decrease with each new launch. Laughable water resistance, pretend screw-down casebacks (pressure-fit with dodecagonal form), spring bars, ETA actions handed as “in-house”, opaque “show” casebacks to save lots of treasured materials and now closed casebacks to cover utterly undecorated calibers. These will not be vital cuts to safe the survival of a struggling firm however quite tweaks to make even higher income on the expense of their prospects. Keep in thoughts, the common manufacturing price for non-precious steel Panerai watches, together with materials and motion, is round USD 350. That is correct, three 5 zero! The income Richemont is making off all of their watch manufacturers is exorbitant and but, they hold squeezing the lemon. Cutting prices is one factor however making an attempt to idiot folks and preserving substantial downgrades secret is one other. Never thoughts the truth that traditionally, Panerai will not be even an actual watch model however only a made-up Richemont hoax producing replicas of outdated Rolex Oyster watches. Panerai’s dishonesty and willingness to deceive their prospects is staggering. Something is rotten within the canton of Neuchâtel.

Meanwhile, the present Panerai CEO Jean-Marc Pontroué doubles down on liking Chinese tremendous replicas on social media, from pretend watch accounts like “the_icon_watch” (ex “panerai_dna” aka Erwan Grey) which had been identified to him on quite a few events. Fake watches from mentioned supply are to this date nonetheless on-line on Panerai’s official Instagram. Talk about an utter and full disrespect for the very individuals who spend their hard-earned cash on his watches. What was the saying once more, “the fish rots from the top down”?

Thank you to your curiosity.

Read extra: Panerai In-House Movements – A PAM Of Worms

seventieth Anniversary of Luminor
2020 was the seventieth anniversary of Luminor. As so usually with Panerai, the celebration had no foundation in actuality as Luminor was solely launched within the mid 1960. I debunked the false narrative in late 2019 however Panerai however went forward with the plan. Interestingly, should you go to the historical past part on the Panerai web site, they’ve now adopted the true story. No kidding!

Read extra: Luminor 2020 – Debunking Panerai’s fictional historical past of tritium-based lume

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