For the first time, Officine Panerai uses carbotech, a composite new material the manufacturer boasts as never being used before in the world of watchmaking. Inside the PAM 616 is the P.9000 movement, one of Panerai's entry level in-house movements. Sized at 47mm, the timepiece has an automatic movement with a 72-hour power reserve.

The Panerai Luminor Submersible 1950 Carbotech (PAM 616) is a limited edition of only 500 pieces. Currently it is priced at US$19,500.