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Officine Panerai

PVD is the process

 

and DLC is the material being applied to.

True that the old PVD'ed Panerai were pretty fragile and the current lines of 26K, 28L & 360 are all PVD'ed w/ DLC which is supposed to be a lot tougher.    Having said that, I never had the ball to see how scratch resistant these new ones are compared to the old ones.

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