"Giovanni Panerai (1825–1897) founded Officine Panerai inFlorence, Italyin 1860.By 1900, under the leadership of the founder's grandson Guido Panerai (1873–1934), Officine Panerai had become an official supplier to the Royal Italian Navy, supplying watches and precision instruments. Panerai watches of this time consisted of cases designed and manufactured byRolex SAand movements made by Swiss manufacturerCortébert. The main driving forces behind the production of the first professional diving watches were Hans WilsdorfRolex SAand Giuseppe PaneraiG. Panerai e Figlio.The Florence-based workshop produced wrist-worn diving instruments."
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