I bought a watch for $12,000 that has repeatedly malfunctioned. At the boutique, I was told that many others have similar complaints, and they just sell the watches while the headquarters is responsible for quality. It's incredibly disappointing. I plan to sell my watch online as soon as it is returned to me in working condition.
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Officine Panerai is a luxury Italian watch manufacturer, and a wholly owned subsidiary of Compagnie Financière Richemont SA Officine Panerai designs, manufactures and markets watches through authorized dealers and company-owned stores worldwide.