The Rolex GMT-Master, particularly the Pepsi bezel variant, holds a legendary status amongst watch enthusiasts. Its iconic two-tone blue and red bezel, evocative of the Pepsi-Cola logo, has cemented its place in horological history. This article focuses specifically on the Rolex GMT-Master Reference 16700, produced in 1998, a year marking a significant point in the model's evolution. This particular reference represents the final iteration of the original GMT-Master design before the introduction of the GMT-Master II, a watch that incorporated several key modifications. Owning a 1998 Rolex GMT-Master Ref. 16700, complete with box and papers, represents acquiring a piece of horological history, a robust and reliable timepiece with considerable value and a fascinating story to tell.
The 16700: The Last of its Kind
The Rolex GMT-Master Reference 16700, produced between 1988 and 2000, holds a unique position in the lineage of GMT-Master watches. It represents the culmination of the original GMT-Master design philosophy, a philosophy prioritizing functionality, durability, and understated elegance. Before its successor, the GMT-Master II, the 16700 featured a simple, yet highly effective, design. Its 40mm Oyster case, crafted from robust stainless steel, provided excellent protection for the movement within. The iconic bidirectional rotating bezel, with its distinctive Pepsi color scheme, allowed for easy tracking of a second time zone. The movement powering this watch, the calibre 3085, was a workhorse, known for its reliability and accuracy. This is a crucial point to understand when considering the value and desirability of a 1998 16700. The 3085 movement is a testament to Rolex's commitment to quality and longevity. Unlike some modern movements, the 3085 is relatively simple to service, making maintenance more straightforward and cost-effective.
GMT-Master II Pepsi Bezel: A Comparison
The introduction of the GMT-Master II (Reference 16710, and later iterations) brought significant changes. The most notable difference was the addition of an independently adjustable hour hand, allowing for the setting of a third time zone without affecting the minute hand. This made the watch significantly more versatile for frequent travelers. However, the 16700, with its simpler mechanism, retains a certain charm and appeal for many collectors. The bi-directional bezel on the 16700, while lacking the independent hour hand adjustment, offers a more direct and intuitive way to track a second time zone. Many enthusiasts prefer the cleaner dial of the 16700, free from the extra markings and complications found on the GMT-Master II. The Pepsi bezel itself, while visually identical on both models, embodies the same vibrant spirit, instantly recognizable and a key element of the watch's iconic status. The subtle differences in the bezel's construction and the feel of the rotation are often cited by collectors as points of distinction.
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