Panerai Luminor GMT PAM23 Automatic 44 A Serial Tritium Dial 1998 (Papers/Unpolished/Serviced)

Panerai Luminor GMT PAM00023 A-Series Early Production Tool Watch

Founded in Florence in 1860, Panerai built its reputation as a supplier of precision instruments to the Italian Navy, developing highly legible watches designed for professional military use. The brand is best known for its bold case architecture, sandwich dials, and luminous technology, all of which prioritize functionality, durability, and instant readability. Panerai’s early civilian-era references from the late 1990s are particularly sought after, as they bridge the brand’s historic military roots with its modern reintroduction to the public.

The Panerai Luminor GMT PAM00023 is a standout early A-series reference that combines the iconic 44mm Luminor case with practical GMT functionality. Produced during Panerai’s formative years under the Richemont era, it features a period-correct tritium dial that has developed a rich, even patina, along with robust construction and straightforward tool-watch character. As one of the more unusual and less commonly seen early GMT models, the PAM00023 is highly regarded by collectors for its authenticity, rarity, and strong connection to Panerai’s modern revival.

Key Details To Consider

This very rare Panerai Luminor GMT PAM00023 from the early A-series represents one of the most distinctive early GMT references produced by the brand. Preserved in all-original, unpolished condition, the 44mm case shows only light signs of wear, a testament to careful ownership and proper preservation over time.

The watch features a stunning original tritium dial with deep pumpkin patina evenly distributed across all hour markers and hands. The tritium remains active and continues to glow, adding both character and authenticity. The GMT functionality enhances practicality while maintaining the unmistakable Luminor aesthetic that defined Panerai’s resurgence in the late 1990s.

The movement has been professionally serviced in December 2025, is running properly, and has been pressure tested to 3ATM (30m). The watch is fitted on a vintage 24/24mm brown ammo leather strap that complements the dial patina beautifully and is accompanied by a period-correct steel buckle. It also comes complete with an original Panerai travel case and warranty card dated 1998, making this a highly compelling and collectible early Panerai example.

Inquire about this item