Trading up my 312 for 233?

[dukerules]

I have a 312, and I'm a huge fan. The 233 is a bit more special though IMO. It's got a, horologically-speaking, more impressive movement, a nicely domed crystal (which works so well with the 1950 case), and a nicely-executed GMT complication. In addition, it is my impression that the 233 gets a whole lot more respect among the Paneristi set than the 312. All that said, I think the 312 delivers in spades for a watch priced significantly less than the 233. It's incredibly clean, and manages the seconds subdial, the "9" on the dial, and a cyclops-less date. It's extremely versatile, and can be dressed up and down depending on the strap. One drawback, however, is the thickness of the case. I think if you want bang for the buck, the 312, 351, and 359 are Panerai's best offerings in the Luminor range. If you can spend a bit more, the 233 is a stunning piece.