Between the introduction of a new watch and the actual delivery to the market can be quite some time. Weeks, months and sometimes even over a year. It is one of the biggest frustrations of watch consumers.In some cases, it is understandable that it might take a little longer, when specific materials are used or when a watch is completely hand-built and hand-finished. The Panerai Submersible BMG-Tech PAM00692 I have here today is a watch that belongs to the first category. It uses BMG technology, a new light-weight metal that consists of different alloys. After this watch was introduced in 2017, it took a while before it hit the market. We recently received the Panerai Submersible BMG-Tech PAM00692 for review, so without further ado, let's have a closer look.Panerai Submersible BMG-Tech PAM00692I've always been more of a Luminor guy, including the Luminor Marina. The Submersible I found too big, perhaps just a bit too exaggerated in general. That said, I can't always just review those watches I fancy myself. So, with a healthy dose of scepticism, I agreed to have this Panerai Submersible BMG-Tech PAM0092 on loan for a hands-on review. ?Now, I have this strange habit of thinking that I am actually smaller than I am. Meaning that I always tend to think that everything over 44mm doesn't suit me. But the truth is that I am 1.90m tall and the weight scale points at about 90 kilograms. A 47mm watch should therefore not be a problem, you'd say. And indeed, when I received a box from Richemont Group with this PAM00692 inside, I actually was amazed that the Submersible in 47mm doesn't look bad on my wrist. It shows that you can't always trust specifications, you need to see it live on the wrist. An issue that needs to be solved once we are all ordering online instead of buying from physical stores.BMG-TechAt least in the past, Panerai had the habit to advertise with their heritage, having a history with the Italian navy. Although story-telling is important for most brands these days, more important than ever it seems based on our recent SIHH visit, I feel that Panerai should communicate a bit more on their technical achievements. When I visited theC thenC new manufacture in 2016, I was amazed by the amount of work that Panerai puts into developing new materials. You can read that manufacture visit report here.The BMG-Tech material is based on Bulk Metallic Glass that has a certain structure that makes it extremely resistant to corrosion, shocks and magnetic fields. This structure is achieved by using a high-pressure injection process at a certain (high) temperature, followed by a cooling down process for a specific (short) duration. According to Panerai, this results in a material that has a disordered atomic structure. It is this structure that gives the Panerai PAM00692 made of BMG-Tech material this robustness and protection against magnetism. It also ensures that the watch will keep its appearance over time. Our review period of a few weeks with the Panerai Submersible BMT-Tech was a bit too short to test this, of course. But indeed, the watch looks good for sure and is light-weight, especially for such a big 47mm piece. The case back of the PAM00692 Submersible BMG-Tech is made of titanium. Titanium is also one of the materials that are part of the BMG-Tech alloy (consisting of?zirconium, copper, aluminium, titanium?and?nickel).P.9010Inside the PAM00692 we find the Officine Panerai caliber P.9010 movement. Thinner than the P.9000 that was previously used and comes with a double bridge for its balance-wheel, offering more stability. Of course, the P.9010 inside this Panerai Submersible BMG-Tech offers 72 hours of power reserve. It features hours, minutes, seconds and date. The date is located at 3 o'clock on the dial and the seconds on the 9 o'clock subdial. What I personally like about this new generation movement is that the hour can be separately set, without moving the minute hand. Very convenient for those of you who travel often to different time zones. This movement has been developed in-house and manufactured in the (impressive) Panerai production facility in Neuchatel. To set and wind the watch, you just need to unlock the patented Panerai crown protector and pull the crown.Blue DialWhat I like about this Panerai Submersible BMG-Tech is the fancy looking dark blue dial. ?It also uses some lighter tones of blue, for the small seconds hand and the BMG-Tech indication on the dial. The hour markers are white and filled with Super-LumiNova. Being a proper divers' watch, the PAM00692 uses a different colour Super-LumiNova for the dot on the uni-direction diving bezel and the minute hand. This way, divers can easily identify their remaining diving time. The quality of the printing on the dial is amazing and holds up even under a macro lens without showing any flaws. On the image below, you can see the contours of the applied luminova on the rectangular/oval indicators on the small seconds subdial. With the naked eye, it is hardly visible.