The 2025 steel Panerai Luminor Marina launch comprises four references: black-dial PAM03312, blue-dial PAM03313, white-dial PAM03314 and light-blue-dial PAM03323 on a steel bracelet. Launch coverage reports a 44 mm case, 500 m water resistance and a 72-hour power reserve for the collection. The green-dial PAM03325 is a titanium sibling, not a steel model.
The four steel references
Monochrome Watches’ launch report, published 1 April 2025, identifies three leather-strap versions and one bracelet version. It reports the following configurations and euro launch prices; these are historical launch figures, not verified current prices or prices for every market.
| Reference | Reported configuration | Reported 2025 launch price |
|---|---|---|
| PAM03312 | Steel case, black dial, leather strap | €8,900 |
| PAM03313 | Steel case, blue dial, leather strap | €8,900 |
| PAM03314 | Steel case, white dial, leather strap | €8,900 |
| PAM03323 | Steel case, light-blue dial, steel bracelet | €9,900 |
Monochrome Watches’ 1 April 2025 launch report associates the bracelet specifically with PAM03323; it does not establish that the other dial options are offered on that bracelet. The same report lists AISI 316LVM steel for the case.
What the 2025 refresh changes
Case and movement, as reported at launch
The launch report describes a 44 mm case that is 12% thinner and 15% lighter than the preceding generation. It gives 500 m water resistance and a 72-hour power reserve from an automatic P.980 movement. These are launch-report specifications, not independently verified here against official reference-specific pages.
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There is a caliber-label conflict within that launch article: its body identifies the movement as P.980, while its technical-specification list says P.890. The P.980 identification is therefore best treated as the report’s stated movement rather than an independently confirmed specification. Panerai’s surfaced catalog page for PAM01370 cannot resolve this: it describes a different, 40 mm reference with a P.900 movement and 100 m water resistance. Panerai’s PAM01370 listing should not be used to infer specifications for the 2025 steel references.
Legibility and strap changes
Launch coverage also reports Super-LumiNova X2, Panerai’s PAM Click Release System for strap changes, and quick length adjustment on the PAM03323 bracelet. Confirm compatibility for a specific reference before buying an aftermarket strap; the launch reporting alone does not establish that a strap fits every variant.
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Why PAM03325 is outside the steel collection
The green-dial PAM03325 is a related 2025 Luminor Marina launch model, but its case is titanium. It should not be counted among the four steel references. Panerai’s PAM03325 listing identifies that titanium sibling.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How to read the reported prices today
The €8,900 figures for PAM03312, PAM03313 and PAM03314, and the €9,900 figure for bracelet-equipped PAM03323, are launch prices reported in 2025. They do not establish current retail pricing, present availability, or pricing in another currency or market. Check Panerai or an authorized retailer for current reference-specific information.
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