At the end of last year famed Italian watch company Panerai released a special 'Ferrari California Flyback Chronograph' to commemorate the launch of the new Ferrari California convertible. Now, the exclusive watch company’s Ferrari Scuderia collection has been expanded by two new models: the Ferrari Chronograph Red Dial and the Ferrari Chronograph Yellow Dial.

Sporting a polished steel case with brushed steel edges, both watches feature two screw-down chronograph push pieces and a crown with rims worked in a square grid pattern - a deliberate reference to details from the dashboard controls of Ferrari models. Other links with the cars include a tachometer scale for calculating average speeds, as well as the Prancing Horse engraved on the caseback, the winding crown, and the dial. Since Ferrari interiors are usually swathed in leather, the watch also features black calfskin leather for the straps, with red alligator skin for the inner layer.

Technically, both variants of the watch are the same between the Red Dial and the Yellow Dial, except of course for the 'Modena' yellow replacing the signature Maranello House of Red in the various colored elements of the dial and strap.

The watches from the Scuderia collection, like the brand new Chronograph Red Dial and Chronograph Yellow Dial, differ in both concept and look from those in the popular Granturismo series. Nevertheless, the same painstaking craftsmanship is put into the watches, just as Ferrari puts into its automobiles, and the price reflects this - expect to pay around $8,000 - $10,000 for the privilege of owning one.