First steel GMT-Master II with the Pepsi bezel since the original ref 1675; the return of the colorway drove significant waitlist demand at launch.
The two-tone bezel Pepsi colorway is the most sought GMT-Master II variant; secondary market trades at a consistent premium over the black-bezel 126710BLNR.
The 126710BLRO is the first steel GMT-Master to wear a blue/red ceramic bezel insert and the first GMT-Master II to ship on a jubilee bracelet, two changes that collectors had wanted for decades. The combination landed on the larger third-generation supercase, making this the highest-spec steel Pepsi Rolex has ever produced. Demand has consistently outpaced supply since its 2018 debut.
Rolex introduced the 126710BLRO at Baselworld 2018, replacing the long-running 116710BLNR (Batman) in Rolex's GMT lineup and reviving the red/blue colorway that had been absent from steel production since the aluminum-bezel era. The jump to the 3285 caliber brought a Chronergy escapement, roughly 70-hour power reserve, and improved shock resistance over the outgoing 3186. The jubilee bracelet, new to the GMT-Master II line at this reference, uses an Oysterclasp with the Easylink comfort extension.
No meaningful dial variants have been introduced; production has continued without significant change through the present.
Check the bezel insert carefully: the ceramic Pepsi should show a clean, deep red segment with no fading or uneven color transition at the 12/24-hour boundary, and a replacement insert is easy to spot against reference images. The jubilee bracelet is a known wear point; inspect the center links for stretch and the clasp for play, and prefer examples where the bracelet sits tight on the wrist. Confirm the case finishing: Rolex delivers these with polished flanks on the lugs and brushed tops, and over-polishing that blurs that boundary is a value deduction.
Because these are recent production, service history paperwork matters less than on older references, but verify the crown and pushers seal correctly if any moisture exposure is claimed. Full-set examples with original box, both cards, and hang tags are strongly preferred and represent a clear price separation in the secondary market.
The 126710BLRO trades at a substantial premium over retail, though the gap has compressed from its 2021-2022 peak when gray-market prices reached nearly double list. Full-set examples with both cards consistently command a premium over watch-only sales of several hundred to over a thousand dollars depending on condition. No dial-level variants currently separate the market, so condition and completeness are the primary price drivers.
Prices have stabilized but remain sensitive to broader luxury goods sentiment; thin secondary-market inventory keeps floors elevated.
The caliber 3285 is a relatively recent movement and most examples in circulation are well within their first service interval; Rolex recommends approximately ten years between services. When a service is eventually needed, expect costs in the $800-1,200 range at an authorized service center. A documented recent service adds credibility on older examples but is not yet a meaningful price driver given the reference's age.
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The 126710BLRO is the first steel Pepsi GMT since the original 1675 and commands the highest secondary premium in the current GMT-Master II lineup. High-quality replicas arrived within months of launch.
| Area | What to check | What is correct | Red flag |
|---|---|---|---|
| case | CERACHROM two-color bezel insert boundary | The color transition between blue and red runs through a single bezel segment with a clean, hard-cut line; both colors are uniformly deep and resist fading | Soft or blurred color transition; any fading or inconsistent color saturation across the bezel; painted or printed appearance rather than ceramic |
| dial | GMT arrow hand color and alignment | Red arrow GMT hand tracks the 24-hour bezel; tip aligns with the bezel scale at the correct position; hand color matches the red portion of the bezel | GMT hand replaced with a standard hour hand; incorrect red tone that does not match the bezel red; arrow tip that does not track correctly at setting |
The 126710BLRO is the first steel Pepsi GMT since the original 1675 and commands the highest secondary premium in the current GMT-Master II lineup. The two-color Cerachrom bezel and Cal. 3285 independent GMT function are the key verification targets.
Editorial estimate. Actual prices vary by condition, date, and box/papers status. Live pricing data is in development.
| movement | Cal. 3285 independently adjustable GMT | Cal. 3285 allows independent one-hour-increment adjustment of the local hour hand; crown position 2 advances/retards local hour without stopping seconds | Local hour that can only be set simultaneously with the GMT hand; movements where seconds stop when adjusting local time (indicates wrong caliber) |
| bracelet | Jubilee bracelet with Oysterclasp | Five-link Jubilee bracelet with brushed center links and polished outers; Oysterclasp with Rolex text and fine-adjustment positions | Incorrect brushing direction on center links; clasp without glide-lock fine adjustment; end links not fitting flush to case horn |
| caseback | Solid caseback engravings | "Oyster Perpetual Date GMT-Master II" text in correct Rolex typeface; reference 126710BLRO engraved; serial between lugs at 6 | Incorrect reference number; shallow or inconsistent engraving depth; serial number outside expected production range |
| crown | Triplock crown function | Three dots on crown face; crown screws down firmly with clean thread feel; three crown positions with distinct detents | Fewer than three dots; crown that feels loose or cross-threads; no distinct detent at position 2 for local hour adjustment |
| Era | Description | Identifiers |
|---|---|---|
| 2018 to present | Black dial with two-color Pepsi bezel. Jubilee bracelet standard. |
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