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Panerai - Submersible Marina Militare PAM01698 44mm Carbon Fiber/NY Dark Green/Dot VSF P900

Carbon · Green dial, dot markers · Fabric strap · Ceramic (unidirectional) bezel

Reference PAM01698SKU PAN-221Write a review
$438.00In stock

Earn 438 points ($4.38) with this purchase · Added Sep 4, 2026

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VS Factory Panerai Submersible Marina Militare PAM01698 44mm Best Edition Carbon Fiber Case Set Dark Green Dial with Dot Markers on Green Nylon-Clad Rubber Strap, P900 Movement

Panerai Submersible Marina Militare PAM01698 44 mm Carbotech™ Military-Inspired Dive Watch

The Panerai Submersible Marina Militare PAM01698 is a 44 mm Submersible that brings together Panerai’s distinctive dive-watch design, advanced composite materials and its historical connection with the Italian Navy. The watch is built around a dark Carbotech™ case, paired with a grainy matt green-to-black gradient dial and military-inspired details that reinforce the Marina Militare identity and its purposeful tool-watch character. Compared with a traditional steel Submersible, it offers a darker, more technical appearance, while the distinctive structure of Carbotech™ gives each watch subtly individual surface patterns. For those who appreciate Panerai’s signature oversized aesthetic but also value lighter wear, distinctive materials and a strong military character, the PAM01698 offers an unmistakable identity.

Product Features

  • Classic 44 mm Submersible Profile

The 44 mm dimensions give the PAM01698 the commanding wrist presence expected from the Submersible collection while making it easier to integrate into everyday wear than some of Panerai’s larger 47 mm professional dive watches. The broad bezel, substantial lugs and signature crown-protecting device create an unmistakable Panerai silhouette, delivering visual impact while maintaining balanced overall proportions. For those who want the presence of a large sports watch without pushing the design to an excessive scale, 44 mm provides an appealing balance between brand character and everyday wearability.

  • Distinctive Texture of the Carbotech™ Case

One of the defining characteristics of the PAM01698 is its case crafted from Carbotech™, one of Panerai’s most distinctive high-tech materials. The dark surface created by its carbon-fibre structure is not uniformly black but displays naturally flowing layered patterns. These subtle variations become more apparent from different angles and mean that no two cases have exactly the same visual appearance.

Compared with a conventional metal case, Carbotech™ delivers a more contemporary and technical character while contributing to a lighter feel on the wrist despite the substantial 44 mm dimensions. Its dark appearance also reduces the visual weight of the case, allowing the PAM01698 to retain its powerful tool-watch profile without appearing unnecessarily heavy or bulky.

  • Carbotech™ Unidirectional Rotating Bezel

The watch is equipped with a Carbotech™ unidirectional rotating bezel featuring clearly defined graduated markings. Its broad construction reinforces the professional diving identity of the Submersible, while the use of the same material as the case creates a cohesive dark-toned exterior. The raised architecture of the bezel also adds mechanical depth and definition to the front of the watch.

Although the unidirectional mechanism originates from the practical requirements of dive timing, it also provides one of the PAM01698’s most tactile features in everyday use. The bezel can be used for simple elapsed-time measurements while reinforcing the purposeful instrument-like character that distinguishes the watch from a conventional sports model.

  • Grainy Green-to-Black Gradient Dial

Rather than using a single dial colour, the PAM01698 combines a grainy matt green surface with a black gradient effect. Military green remains visible toward the centre before gradually darkening toward the perimeter, creating a natural transition into the black Carbotech™ case and giving the front of the watch greater visual depth.

The grainy matt finish reduces unnecessary reflections and gives the green tone a restrained, equipment-inspired character. Unlike glossy or sunray-finished dials, it does not seek to emphasize traditional luxury but instead highlights the rugged, functional personality of the Submersible. The combination of green and black also makes the watch immediately recognizable while providing greater visual variation than an entirely black execution.

  • Marina Militare and Aviazione Navale Design Elements

Marina Militare is more than a decorative name on the PAM01698. It represents an important connection with Panerai’s historical relationship with the Italian Navy. Panerai has long drawn upon its history of supplying professional instruments and watches to Italian naval forces, while this generation of Marina Militare models incorporates additional inspiration associated with the Aviazione Navale, the aviation branch of the Italian Navy.

Military-inspired emblems and instrument-style details on the dial create a clearer distinction between the PAM01698 and a standard Submersible. Rather than making the watch feel like a conventional commemorative edition, these restrained graphics and colours integrate its military background naturally into the overall design, adding another layer of interest for enthusiasts of Panerai history and purpose-built tool watches.

  • Grey Super-LumiNova® Grade X2 Display

The hour markers, dot indications and hands feature grey Super-LumiNova® Grade X2. In daylight, the grey luminous material complements the green gradient dial and black Carbotech™ case, maintaining the subdued, low-saturation military aesthetic without introducing excessive colour contrast.

In darker conditions, the luminous display reinforces the Submersible’s emphasis on clear legibility. Prominent hour markers and broad hands maintain a direct and easily readable dial layout, making this feature both an important part of the PAM01698’s visual identity and a practical benefit in everyday wear.

  • Date at 3 O’Clock and Small Seconds at 9 O’Clock

The PAM01698 uses the characteristic Panerai arrangement of a date window at 3 o’clock and a small-seconds display at 9 o’clock. The two elements create a natural visual balance across the dial without interfering with the clear central arrangement established by the large hands and hour markers.

The small-seconds display also introduces an additional instrument-like quality and a sense of movement to the dial. Compared with a dive watch using only central hands, this configuration expresses Panerai’s own design language more clearly and gives the green gradient dial greater visual interest while preserving its functional simplicity.

  • Signature Crown-Protecting Device

The large crown-protecting device is one of Panerai’s most immediately recognizable design signatures and plays an equally important visual role on the PAM01698. Combined with the dark Carbotech™ case, it gives the right side of the watch a distinctive three-dimensional profile that can be recognized as Panerai even from a distance.

Beyond reinforcing its tool-watch character, the crown-protecting structure contributes to the visual balance of the 44 mm case. For many Panerai enthusiasts, this instantly recognizable architecture carries greater impact than a simple brand logo and remains one of the key elements separating the PAM01698 from more conventional round dive watches.

  • Green Fabric Strap and Black Rubber Strap

The original green fabric strap continues the military theme of the watch and naturally complements the green gradient dial. Its textile construction visually softens the substantial 44 mm case, giving the watch a more relaxed character and making it particularly suitable for outdoor, utility-inspired and casual sportswear.

The watch is also supplied with a black rubber strap. Once fitted, the visual emphasis shifts toward the Carbotech™ case and the professional dive-watch silhouette, resulting in a cleaner and sportier appearance. Rather than functioning simply as an additional strap, the two options noticeably alter the personality of the PAM01698, allowing it to move naturally between military-inspired casual styling and a more technical sporting character.

  • A Combination of Dark Military Styling and Modern Materials

The appeal of the PAM01698 does not depend on any single design feature. Instead, Carbotech™, the military-green gradient dial, grey luminous details, dark bezel and Marina Militare theme combine to create a coherent visual language. Rather than relying on decorative elements to communicate luxury, the watch builds its premium character through material texture, proportion and functional design.

This approach allows the PAM01698 to preserve the rugged personality associated with Panerai’s historical military tool watches without feeling like a straightforward reproduction of a vintage model. Carbotech™ introduces a distinctly contemporary dimension, bringing military heritage and modern high-tech materials together in a natural way and giving the watch a clearly defined identity within the broader Submersible collection.

Summary

The Panerai Submersible Marina Militare PAM01698 is a Submersible whose identity is shaped by its materials, colours and military inspiration. The 44 mm case preserves Panerai’s unmistakable oversized presence, while the unique texture and lighter wearing experience of Carbotech™ distinguish it clearly from a conventional steel dive watch. The grainy green-to-black gradient dial, grey Super-LumiNova® Grade X2, Carbotech™ unidirectional rotating bezel and signature crown-protecting device work together to create a dark, technical and highly recognizable appearance.

The Marina Militare and Aviazione Navale themes give the watch a stronger historical and military identity than a standard Submersible, while the green fabric and black rubber straps provide two distinctly different ways to wear it. For those who appreciate Panerai’s powerful design language while also valuing unusual materials, military aesthetics and individual everyday style, the PAM01698 is not a watch designed to disappear quietly on the wrist. It is a Submersible that expresses personality immediately while preserving the purposeful spirit at the heart of Panerai’s tool-watch heritage.

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