(PRESS RELEASE) NEW YORK, NY — Panerai, luxury Italian watchmaker, introduces its limited-edition Submersible Elux LAB-ID (PAM01800), a watchmaking feat equipped with on-demand light generated by a first-ever mechanical energy storage movement. Building on the brand’s historical expertise in luminescence and backed by eight years of dedicated research and development in Panerai’s Laboratorio di Idee, PAM01800 is a remarkable achievement in sophisticated engineering and innovation.
Renowned for its early innovations in the field of luminescence with the Radiomir and Luminor collections, Panerai’s rich historical background inspired the PAM01800. Drawing from its tradition of supplying the Italian Navy with precision instruments, the technology behind Elux was patented in 1966 and played a significant role in creating an efficient light source for low-lighting conditions.
This innovative timepiece is the first ever to feature a four-patent system, 50 bar water resistance, and a 30-minute PowerLight function, which was precisely engineered with a microgenerator to convert mechanical energy into electricity – all encapsulated in a 49mm case diameter. Complementing its intricate inner workings, PAM01800 is set in a striking blue color Ti-Ceramitech™ case, which is crafted from ceramized titanium for a case that is 44% lighter than steel and that can withstand high pressure and high thermal stress.
The Submersible Elux LAB-ID is a limited-edition novelty of 150 pieces, with an availability of 50 pieces per year over three years at Panerai.com and select Panerai boutiques.
Closing With Confidence: How Bailey's Fine Jewelry Achieved Outstanding Results With Wilkerson
When Trey Bailey, President and CEO of Bailey's Fine Jewelry, decided to close the Crabtree location in Raleigh, North Carolina after 15 years, he knew the decision needed to be handled with intention and professionalism. The goal was clear: exit the location while maintaining financial strength and honoring the store's legacy.
Having worked with Wilkerson successfully in the past, Bailey understood the value of their comprehensive approach. "They understood both the emotional and financial sides of the store closing sale," Trey explains. "Their reputation for professionalism, results and care made it a very easy decision."
The results exceeded expectations. Wilkerson helped Bailey's sell through significant inventory while maintaining the dignity of the closing process. "They don't just run a sale, they help close a chapter in the best way possible," Bailey says, strongly recommending Wilkerson to any jeweler facing a similar transition.
