Calibrating your experience
Rolex · GMT-Master II · 2018-Current · Red / Blue Bezel
Ref: 126719BLRO-0003
White Gold, Red / Blue Bezel, Midnight Blue Dial
Also known as “Pepsi”

0 Available
Today’s Market Value
$47,896
(MSRP $50,700)
Editorial Article
The Rolex GMT-Master II “Pepsi” is one of the few watches that hardly needs an introduction. Its red-and-blue 24-hour bezel has become part of modern watch language, instantly recognizable even from across a room. Originally born from the practical needs of pilots and international travelers, the Pepsi configuration has evolved into something much larger than its tool-watch roots. It is a symbol of movement, status, and global sophistication, all while remaining one of the most approachable designs in Rolex’s professional catalog. The white-gold versions elevate that identity without disturbing what made the watch iconic in the first place. At a glance, the watch still reads as a GMT-Master II Pepsi: the same bold bezel, the same functional travel-watch architecture, the same Oyster case language, and the same unmistakable Rolex presence. But on the wrist, the experience is meaningfully different. White gold adds a quiet density, a richer feel, and a more refined presence that cannot be replicated by steel. It is luxurious without being loud. That restraint is what makes the white-gold Pepsi so compelling. Rolex could have used the precious metal to create something overtly decorative, but instead chose subtlety. The result is a watch that keeps the visual discipline of a professional Rolex while giving the wearer the deeper satisfaction of a precious-metal case and bracelet. It does not announce itself in the way yellow gold or Everose might. Instead, it rewards the person wearing it with weight, finish, and nuance. This is also where the dial variations become especially important. Whether paired with the rich character of a midnight blue dial or the natural texture of meteorite, the white-gold Pepsi feels more considered than its steel counterpart. The blue dial gives the watch a cool, cohesive elegance that connects beautifully with the bezel’s upper half. The meteorite dial, meanwhile, brings organic complexity and individuality, turning each example into something visually unique. Both versions add depth to the Pepsi design without compromising its core identity. Technically, the white-gold Pepsi remains every bit the modern GMT-Master II. It offers the practical travel functionality collectors expect from the line, including the independently adjustable local hour hand, 24-hour display, date, Triplock crown, ceramic bezel, Oyster bracelet, and Rolex’s modern automatic GMT movement. In other words, the white-gold execution does not transform the watch into a fragile luxury object. It remains a fully capable Rolex sports watch, simply executed at a higher material level. The appeal of the white-gold Pepsi lies in this balance. It is both familiar and elevated, practical and indulgent, iconic and comparatively discreet. For collectors who love the Pepsi design but want something more special than the standard steel version, the white-gold models occupy a powerful middle ground. They deliver the unmistakable look of one of Rolex’s most famous watches while adding the rarity, feel, and refinement expected from a precious-metal reference. In many ways, the white-gold Pepsi is the mature expression of the GMT-Master II. It does not replace the steel watch’s importance, nor does it need to. Instead, it builds on an already legendary foundation and gives it a more luxurious, more personal, and more collector-focused character. The result is a watch that honors the history of the Pepsi while offering a richer ownership experience—one that feels less like simply wearing an icon and more like wearing the elevated version of one.
Market Dynamics
Scores from TimeAuthentic's latest AI market valuation of this reference.
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Technical Data
Case
Shape
Round
Material
White gold
Glass
Sapphire crystal
Bezel
Ceramic
Case Back
Solid screw down
Dimension
40mm
Lug Distance
20mm
Lug-to-lug
48mm
Thickness
12mm
Water Resistance
100M
Case Specificities
Rotating bezel, Luminous hands, Luminous indices, Central seconds, Screw-down crown, Chronometer
Weight
145g
Dial & Hands
Dial Color
Midnight Blue
Hands
Mercedes hour hand, 24h GMT hand
Movement & Functions
Movement Type
Automatic
Functions
GMT, Date
Caliber
3285
Movement Description
70 hours power reserve · 28800 bph · 31 jewels
Strap
Material
18k white gold Oyster bracelet
Buckle
Dual folding clasp
Authentication Guide
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Watch Passport
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