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Oyster Perpetual GMT-Master II "Pepsi" Ref. 126710BLRO LC100
S$27,578
+ S$306 for shipping
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1969 GMT-Master Pepsi 1675 Black Dial SS Oyster No Papers 40mm
S$14,184
+ S$197 for shipping
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S$31,980
+ S$655 for shipping
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+ S$655 for shipping
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+ S$29 for shipping
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+ S$510 for shipping
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+ S$768 for shipping
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+ S$536 for shipping
Chrono24 Direct
Rolex GMT-Master II
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S$14,183
Free shipping
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Pepsi 16710 Error Dial Rectangular Full Set 2006
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Private Seller
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S$28,116
+ S$461 for shipping
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S$30,976
+ S$130 for shipping
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S$14,903
+ S$137 for shipping
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S$16,279
+ S$130 for shipping
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S$18,435
+ S$383 for shipping
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French Foreign Legion "Gunfighter" "Pepsi" 1972 GMT Master
S$40,386
Plus shipping
Private Seller
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Pepsi Rolex Official Service 2025 2-Year Warranty Full Set
S$16,362
+ S$768 for shipping
Rolex GMT-Master II
NEW 2025 GMT-Master II “Pepsi” 40mm 126719BLRO White Gold Meteorite Dial
S$80,320
+ S$525 for shipping
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126719BLRO Automatic White gold Very good
S$43,114
Free shipping
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Stahl 16710 2001/02 Pepsi Automatik Edelstahl Herrenuhr Stainless Steel Oyster-band Chronometer Black Dial
S$16,885
+ S$384 for shipping
Rolex GMT-Master II
126710BLRO
S$28,730
Free shipping
Promoted
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"NEW" 2025 Pepsi Full Set!
S$28,894
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Pepsi Gmt Master Long E Stainless Steel Jubilee All Original
S$19,694
+ S$130 for shipping
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S$19,189
+ S$261 for shipping
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Pepsi Fullset + Whitetag + First Receipt + 11/06/25 Ref. 126710BLRO
S$33,785
+ S$510 for shipping
Popular
Rolex GMT-Master II
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S$28,237
+ S$261 for shipping
Rolex GMT-Master II
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S$26,713
+ S$82 for shipping
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S$31,304
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Rolex GMT-Master II
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S$69,137
+ S$615 for shipping
Rolex GMT-Master
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S$16,600
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Rolex GMT-Master II
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S$28,365
+ S$235 for shipping
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NOS 2021 GMT-Master II 40mm 126755SARU Pepsi Rose Gold Sapphire Ruby
S$156,588
+ S$525 for shipping
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S$38,021
+ S$655 for shipping
Promoted
Rolex GMT-Master II
II-40mm Steel "Pepsi" Black Dial Oyster Bracelet (126710BLRO)
S$31,258
+ S$130 for shipping
Rolex GMT-Master II
NEW Old Stock 2021 UNWORN GMT-Master II White Gold "Pepsi" Meteorite Dial 126719BLRO
S$70,915
+ S$590 for shipping
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S$47,936
+ S$130 for shipping
Rolex GMT-Master
1968 Rolex GMT-Master 1675 Pepsi Original Dial Creamy Patina
S$15,754
+ S$125 for shipping
Rolex GMT-Master II
NEW GMT-Master II Pepsi Meteorite White Gold 126719BLRO NEW
S$72,629
+ S$197 for shipping
Rolex GMT-Master II
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S$25,960
+ S$269 for shipping
Promoted
Rolex GMT-Master II
II-40mm Steel "Pepsi" Black Dial Oyster Bracelet (126710BLRO)
S$31,521
+ S$130 for shipping
Rolex GMT-Master
16700 40mm Pepsi Red And Blue Stainless Steel
S$14,440
+ S$130 for shipping
Rolex GMT-Master II
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S$72,978
+ S$306 for shipping
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S$21,048
+ S$152 for shipping
Rolex GMT-Master II
Pepsi Meteorite Dial 126719BLRO Full Set 2022
S$71,342
+ S$205 for shipping
Rolex GMT-Master II
ref. 16710 Black dial Pepsi W serial 1996
S$14,596
+ S$198 for shipping
Promoted
Rolex GMT-Master II
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S$29,190
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Private Seller
Rolex GMT-Master II
PEPSI 126710BLRO Jubilee - NEW 2025
S$33,800
+ S$1,536 for shipping
Rolex GMT-Master II
Pepsi „99% Like-New“ Whitetag+Box+Pap. 2019 Ref. 126710BLRO
S$27,639
+ S$510 for shipping
Rolex GMT-Master II
Like New 2022 126710BLRO GMT-Master II 40mm “Pepsi” on Oyster Bracelet
S$26,464
+ S$197 for shipping
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S$29,176
+ S$91 for shipping
Rolex GMT-Master II
"Pepsi" Ref. 16710 Circa 2002
S$15,760
+ S$328 for shipping
Promoted
Rolex GMT-Master II
40mm Red and Blue Pepsi Jubilee Bracelet (126710BLRO)
S$32,571
+ S$130 for shipping
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ll 126710BLRO "Pepsi" Bezel Mens Watch
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+ S$131 for shipping
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2002 Rolex GMT-Master II 2 Pepsi Blue Red Steel 16710 Watch Black Watch Box
S$15,394
+ S$169 for shipping
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Pepsi Long E BJ.1966
S$18,283
+ S$261 for shipping
Rolex GMT-Master II
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S$32,187
+ S$384 for shipping
Promoted
Rolex GMT-Master II
Pepsi 126710BLRO Jubilee & Oyster included (PRICE FIRM)
S$28,236
Plus shipping
Private Seller

Rolex GMT-Master Pepsi: Icon With Two Time Zones

The Rolex GMT-Master with a red and blue "Pepsi" bezel is popular with collectors and investors. This striking tool watch has a second time zone and is one of the Swiss luxury watch manufacturer's most popular models.

Legendary Red and Blue GMT Watch

The story of the RolexGMT-Master began in the 1950s when Pan American World Airways (Pan Am) commissioned the Swiss watch manufacturer to produce a timepiece for their pilots and flight attendants. The signature Pepsi bezel in red and blue has been the defining feature of these Rolex watches since the very first model in 1954. However, the two-tone design is not merely for aesthetic purposes; the red half symbolizes the daytime, while its blue counterpart symbolizes nighttime.

Over the last several decades, Rolex has released an array of different Pepsi references, all of which have remained faithful to the basic design. Rolex fans flock to the GMT-Master Pepsi in appreciation of the subtle model upgrades that have been made over the years. However, as is typical of Rolex watches, high demand and limited supply mean that waiting lists for these models are growing endlessly. Don't be surprised if you have to wait several years to get your hands on one.

Needless to say, prices have risen considerably as a result of the huge popularity, and virtually all references have seen eye-popping value appreciation. Prices peaked in spring 2022, and have since fallen considerably for certain references. The white gold ref. 126719BLRO with a meteorite dial, for example, was selling for over 90,000 USD in spring 2022, whereas not even 18 months later, it was valued closer to 65,000 USD. Particularly popular models like the GMT-Master ref. 6542 and ref. 1670 have continued to rise in value, while the equally celebrated ref. 1675 has remained more or less stable over the long term.

Reasons to Buy a Rolex Pepsi

  • Iconic design
  • In-house caliber with a second time zone display
  • Available with a Cerachrom bezel and white gold case
  • Excellent prospects in terms of value appreciation

Prices at a Glance: Rolex GMT-Master Pepsi

Reference numberPrice (approx.)Caliber, features
126719BLRO65,000 USD3285, meteorite dial, white gold
654266,000 USD1036, Bakelite bezel
116719BLRO52,000 USD3186, ceramic bezel, white gold
126719BLRO45,000 USD3285, blue dial, white gold
1675024,000 USD3075, aluminum bezel
126710BLRO22,500 USD3285, ceramic bezel
167526,000 USD1565 or 1575, aluminum bezel
1671017,000 USD3085, aluminum bezel
1671017,000 USD3185 or 3186, sapphire crystal
1670013,000 USD3175, aluminum bezel

How much does a Rolex GMT-Master Pepsi cost?

At the time of writing in August 2023, the most affordable entry point into the world of Rolex GMT-Masters with Pepsi bezels was approximately 13,000 USD. This amount will get you a vintage reference 16700 with an aluminum bezel. The ref. 16710 was the first GMT-Master model to be fitted with a scratch-resistant sapphire crystal, replacing the acrylic glass that was used in previous models. Expect to spend around 17,000 USD for a copy in new condition.

The GMT-Master ref. 16750 was brought to market in 1981 and was the first model to have a stop-seconds mechanism and a quickset function for the date. Although this reference cost approximately 28,000 USD in August 2022, you can expect to pay closer to 24,000 USD for a well-maintained copy one year later.

The ref. 1675 was part of the Rolex catalog for over 20 years and is now one of the most sought-after Pepsi models. Depending on the condition, prices for this reference come in at around 26,000 USD – around 5,000 USD more than in August 2022.

The bezel inlays on the earlier ref. 6542 models were made of Bakelite, a synthetic plastic, which the manufacturer quickly swapped for aluminum. Plan to spend about 66,000 USD for a ref. 6542 in good condition. This reference has been on an upward trend, rising from 38,000 USD in August 2022.

GMT-Master II – Sapphire Crystal, Third Time Zone

In 1982, Rolex added the GMT-Master II ref. 16760 to the mix. Thanks to its somewhat thicker case, Rolex fans dubbed this model the "Fat Lady." Rolex equipped this watch with a black and red bezel, meaning it isn't actually a Pepsi, but rather a Rolex Coke. Nevertheless, it had certain features that would also be significant for future Pepsi models. For example, its caliber, the 3085, can display three time zones at once. In addition, Rolex provided this watch with a larger crown guard and replaced the plexiglass with sapphire crystal. You can purchase a "Fat Lady" in good condition for around 17,000 USD.

The next stage in the Pepsi's evolution followed with the 1989 release of the reference 16710. Rolex first outfitted this timepiece with the caliber 3185 and later with the caliber 3186. This version is also available as a "Coke" model or with a solid black bezel. Rolex made the switch from tritium to Super-LumiNova for the luminous material in models produced from around 1998 onwards. Pre-owned Coke models change hands for around 13,500 USD.

The GMT-Master Pepsi With a Cerachrom Bezel

In 2014, Rolex released a GMT-Master II with a Pepsi bezel, which can be found under the reference number 116719BLRO. Unlike its predecessors, this model is only available with an 18-karat white gold case. What's more, the Swiss watch manufacturer furnished it with a Cerachrom ceramic bezel, a triple-sealed Triplock crown, and a "maxi dial" with enlarged, glow-in-the-dark indices. The caliber 3186 with a Parachrom hairspring ticks away inside this watch. New, one of these watches costs about 52,000 USD, which is a loss of around 4,000 USD compared to its value one year ago in August 2022. Looking back to 2020, however, this reference "only" cost 36,000 USD.

At Baselworld 2018, Rolex announced that they would be adding a stainless steel GMT-Master II with a Cerachrom Pepsi bezel (ref. 126710BLRO) to their portfolio. In addition to the material and slightly altered case design, the watch manufacturer also made changes to the inside of this model. It is now powered by the in-house caliber 3285, which features Rolex's patented Chronergy escapement. Thanks to the use of a nickel-phosphorus alloy, this escapement is not only impervious to magnetic fields but also much more efficient. It also features a new Jubilee bracelet in Rolex's proprietary Oystersteel stainless steel.

This edition is in high demand. If you can find an offline retailer willing to sell you one, expect it to come with a long waiting period. This scarcity has caused prices for this model on the secondary market to skyrocket: We are now seeing listings that are more than triple the original retail price. When it was released, the ref. 126710BLRO had an official list price of 9,500 USD. As of spring 2023, a mint-condition timepiece will set you back some 22,000 USD, around 4,000 USD less than 12 months beforehand. Rolex currently demands around 10,700 USD for this GMT-Master model.

The Latest GMT-Master II Pepsi Models

Rolex unveiled two new GMT-Master models featuring a red and blue Cerachrom bezel in 2019. Both timepieces are powered by the caliber 3285, made of white gold, and can be found under the reference 126719BLRO. The version with a blue dial costs around 45,000 USD in mint condition; its value has fallen by almost 20,000 USD since August 2022, and is thus on par with market prices upon its release in 2019.

The second model is technically identical, but you will instantly recognize its bright meteorite dial. Rolex claims the dial material has cosmic origins, coming from the center of an asteroid or exploded planet. Listings on Chrono24 for this galactic timepiece in mint condition are priced up to 65,000 USD, meaning it has also depreciated by close to 20,000 USD in 12 months.