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Originally Posted by
dkzzzz 
Question: What smaller size 35mm watches available from Panerai or other manufacturer? I am asking because I like Panerai's retro shape. Unfortunately Panerai are too large for my wrist.
There are no Panerai watches below 40mm. Which style are you interested in? Luminor (with the crown guard) or Radiomir (cushion shape)?
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Second question is : Why so many fakes or repros of Panerai? Is it becoming Rolex of 90s?
Several reasons but the three main ones IMO are
(1) popularity of the design yet expensive price point (similar to Rolex sub in that regard)
(2) limited production levels so difficult to find the models one wants at a dealer (specifically the most classic ones)
(3) For most of its models, Panerai is using ETA and Valjoux movements with modifications generally limited to decorations and a couple more things (e.g. swan neck regulator). ETA movements are easy to procure so making a fake with a movement which looks very similar to the OP movement is not that hard. In addition, fake ETA movements are now made as well, which makes it even easier.
Reason #3 is one of the primary reasons why OP has started rolling out its own manufacture movements.