Offered for sale is a beautifully preserved Rolex GMT-Master ref. 16700, featuring the iconic red and blue “Pepsi” bezel, black dial, and classic Oystersteel construction.

The reference 16700 represents an important chapter in the history of the GMT-Master, bridging the classic vintage generation with the modern GMT-Master II. Produced from the late 1980s through the 1990s, it retains the unmistakable proportions and character of the original GMT-Master while introducing the convenience of Rolex’s updated Calibre 3175.

One of the defining features of the ref. 16700 is its independently adjustable jumping-hour hand, allowing the local hour to be changed without stopping the movement — a particularly practical function for frequent travellers while preserving the traditional GMT display.

This example features the highly recognisable red and blue Pepsi bezel, one of the most iconic colour combinations in Rolex history. Paired with the black dial and 40mm Oystersteel case, the result is a classic sports watch with an unmistakable neo-vintage character.

Dating from the X serial period, this example is presented in top condition and is offered as a full set, making it an especially attractive proposition for collectors looking for a well-preserved example of the classic GMT-Master.

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Key Features

Reference: 16700

Serial: X Serial

Case: 40mm, Rolex Oystersteel

Dial: Black

Bezel: Red and blue “Pepsi” bidirectional bezel

Movement: Rolex Calibre 3175, in-house automatic GMT

Bracelet: Original Rolex Oyster bracelet

Crystal: Sapphire crystal

Functions: Hours, minutes, seconds, date, GMT / second time zone

Water Resistance: 100 metres (10 ATM)

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Condition

Top condition

Very well-preserved example

Case and bracelet retain an excellent overall appearance

Dial, hands, crystal, and bezel remain beautifully preserved

Shows only minimal signs of careful previous use

Mechanically running perfectly

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Set

Full set

Original Rolex presentation box

Original Rolex papers and accompanying accessories

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Notes

The Rolex GMT-Master has become one of the most iconic travel watches ever created, originally designed for pilots and frequent travellers who needed to keep track of multiple time zones.

The ref. 16700 is particularly interesting to collectors because it represents the final generation of the classic GMT-Master before Rolex transitioned fully to the GMT-Master II. It retains the traditional red and blue Pepsi bezel while offering the practical advantages of the Calibre 3175 and its independently adjustable local-hour hand.

The X-serial example offered here combines this important neo-vintage reference with one of the most recognisable Rolex colour combinations. The red and blue bezel has become synonymous with the GMT-Master and provides an unmistakable visual identity against the black dial and Oystersteel case.

With its 40mm proportions, classic Pepsi bezel, independent jumping-hour function, and full-set configuration, this is a particularly appealing example for collectors who appreciate the character and history of Rolex’s earlier generation GMT watches.

A superb opportunity to acquire a well-preserved Rolex GMT-Master 16700, combining genuine neo-vintage character with the practicality of a modern travel watch.

A classic Pepsi GMT with the character of its era — and a reference increasingly appreciated by collectors.