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Officine Panerai is introducing a new limited edition timepiece for its “Ferrari Engineered by Officine Panerai” collection. Created to coincide with the car makers launch of the Ferrari California. The new two-counter chronograph has a 45mm cushion-shaped case crafted in brushed stainless steel with nicely complimentary polished elements on the lugs and case corners. The push pieces and winding crown feature a machined knurled surface, with Ferrari's Prancing Horse emblem placed on the winding crown. The black dial of this watch has white and “Ferrari Red” accents, such as the area between 12 and 3 o'clock where there is a red semi-circular sweep inspired by the tachometer instrumentation inside the Ferrari car. The Ferrari “California” brand emblem is placed on the dial just above the six o'clock mark. The dial is protected by a convex sapphire crystal and the watch offers 100-meter water-resistance.

The Panerai for Ferrari California Flyback Chronograph watch features a self-winding mechanical movement, with a frequency of 28,800 beats per hour that guarantees timing accuracy to the nearest 1/8th of a second. The watch also features a flyback function, which makes possible the use a single push of the button for stopping, resetting and restarting the chronograph function of the watch. The movement has an engraved rotor that displays the "Cavallino Rampante" Ferrari company insignia. The watch is nicely complimented by the well padded white stitched alligator strap. The Ferrari California Flyback Chronograph will be a limited edition production of 400 pieces.

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