Adobe Premiere and Colour Gamut limited to BT.709
Is it true that if I import video footage shot in a wider colour gamut the BT.709 (such as S-Gamut, S-Gamut3 or S-Gamut3.Cine) , Adobe Premiere will clip the wider colour space to BT.709?
While doing some research I found that if I import footage into Adobe Premiere and drop it in a timeline and if I do any colour grading inside Premiere using the lumetri colour, the colour space will be reduced to BT.709. This made me worry because I shot footage with the Atomos Shogun Inferno and the Sony FS700R which allows to record Sony RAW. When recording I set the Gamut in the Atomos Shogun Inferno to S-Gamut. I know should had use a smaller colour space such S-Gamut3.Cine. But I used what was set by default in the Atomos Recorder. I was planing to do the editing and the colour grading in Premiere CC 2018. But then I read some people saying that if I do grading inside premiere, Adobe Premiere will convert the orignal colour space to a reduced BT.709.
If this is true, Adobe Premiere is not recommended at all if you want to do colour grading for films that will be screened in theatres / cinemas. The wide colour space is clipped by premiere.
If so, doing colour grading in Adobe Premiere is not recommendable if one is working with footage that was recorded in colour spaces wider than BT.709. The only solution is to edit in Premiere but not apply any colour correction or grading and export the timeline in a XML format that can be used by a Professional Grading Software such as DaVinci Resolve. !
Is this true?
Thank you in advance

