Panerai was founded in 1860 in Florence, Italy by Giovanni Panerai. The company started out by establishing connections with prestigious and long established Swiss watches manufacturers. While the company did not design all of its movement in-house, it still became known as a top Italian watch company. In 1890-1900 the company was taken over by Panerai’s grandson Guido, who provided the company with a new vision. Guido decided that the company would specialize in precision mechanisms and soon became the official supplier to the Royal Italian Navy.
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