Officine Panerai is an Italian brand of watches owned by Richemont International SA. Its watches are currently manufactured in Neuchâtel, Switzerland with some movements designed and manufactured in-house. Panerai was founded in 1860 in Florence by Giovanni Panerai (1825–1897). It later became the official supplier of the Royal Italian Navy and expanded to building precision instruments. The company is famous for its Radiomir and Luminor watches, notable for their use by Italian commando frogmen.