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.
Condition affects price
Pre-owned watches trade across a wide condition spectrum. These ranges are typical for the secondary market.
Full condition grading guide →
Market price
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.
Editorial estimate, 2026 Q2. Actual prices vary by condition, date, and box/papers status.
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Authentication
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.
- The two-color CERACHROM bezel insert is a specific target for replica makers; the genuine insert has a hard-cut color boundary and deep inlaid numerals.
- Franken-watches combining genuine 126710 cases with non-Pepsi bezel inserts from BLNR variants occur in the secondary market.
- Serial numbers are verified by Rolex serial lookup; this reference has a defined production window that makes out-of-range serials detectable.
| 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 |
| 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 |
- Bezel insert replacement is the most common alteration; confirm genuine two-color ceramic with correct numeral inlaying.
- Crystal replacement is standard service; confirm correct Rolex sapphire with cyclops date magnifier.
- Bracelet clasp replacement occurs at service; confirm Oysterclasp with correct fine-adjustment function.
Authentication guide
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. Three colorway variants share the same 126710 case: the Pepsi (BLRO, blue/red), the Batman (BLNR, blue/black, introduced 2013 on the 116710BLNR), and the Batgirl (BLNR-0002, blue/black on Jubilee, 2019). The bezel insert is the only external difference between them; the cases, movements, and serial ranges overlap. A Pepsi bezel on a BLNR case (or vice versa) is a documented secondary market swap. Always verify the reference suffix against the bezel colorway.
