Watch reference library
Rolex GMT-Master II 126710BLRO “Pepsi”
Produced 2018 to 2026. Discontinued.
The Rolex GMT-Master II 126710BLRO, known as the Pepsi, is a 40mm Oystersteel watch with the calibre 3285, water resistant to 100 meters, made 2018 to 2026.
Specifications
- Nickname
- Pepsi what the name means
- Case size
- 40mm
- Case material
- Oystersteel
- Bezel
- Bidirectional, blue and red two-color Cerachrom insert with 24-hour graduations
- Dial
- Black
- Movement
- Rolex calibre 3285, automatic
- Power reserve
- About 70 hours
- Water resistance
- 100 meters
- Crystal
- Sapphire
- Bracelet
- Jubilee bracelet, with an Oyster bracelet option added in 2021 Part number, lug width and links
- Bracelet part
- 69200 (Jubilee), 79200 (Oyster), from Rolex's 2020 to 2025 price lists
- Lug width
- 20mm
The story
The blue-and-red GMT-Master II bezel is nicknamed Pepsi, a name collectors gave it long before Rolex ever used it, and it goes back to the aluminum-bezel 16710, which was discontinued in 2007. Rolex then spent years working out how to produce a two-color ceramic bezel in one piece, first solving it in 18k white gold with the 116719BLRO in 2014. The steel version collectors had been waiting for finally arrived in 2018 with the 126710BLRO, built around the new-generation calibre 3285 and, unusually for a steel GMT-Master II, offered only on a Jubilee bracelet at launch rather than the Oyster bracelet buyers expected. Rolex restored the Oyster bracelet as an option in 2021, giving buyers a choice between the two for the rest of the reference's run. The calibre 3285 kept the GMT-Master II's true-GMT function, an independently adjustable local hour hand set in one-hour jumps via the crown's second position, so the orange-tipped 24-hour hand can track home time without stopping the running seconds. Rolex discontinued the 126710BLRO, along with the white gold 126719BLRO, at Watches & Wonders in April 2026, closing out the modern ceramic Pepsi's production run without announcing a direct replacement.
What to check before you buy
With the reference now discontinued, every 126710BLRO on the market is a secondary-market watch, there's no ordering a new one through an authorized dealer anymore. Worth checking early whether a given watch is on Jubilee or Oyster, since Jubilee was the only option from 2018 to 2021 and Oyster only followed after; the bracelet doesn't change the reference number, so it comes down to what's actually on the watch in hand. The two-color Cerachrom insert doesn't fade the way the old aluminum Pepsi bezels did, but it can chip at the edge if the watch takes a hard knock, worth a close look under light before buying used. As with other current-generation Rolex sports models, the serial is a random code on the rehaut and isn't useful for dating the watch precisely, so lean on the warranty card or original receipt for that.
Buying or selling a 126710BLRO?
Selling one? Text photos to (605) 521-2821 for an offer within hours, or ask for one below. Moda pays by wire or Zelle within 24 hours of receiving the watch, on its own insured label. Rather sell it yourself? Post it in the Moda watch groups and run the listing through the Post Checker first. Buying one from someone you don't know? Moda's middleman service inspects the watch at Moda HQ and the buyer pays the seller only after approving the condition report. When it ships, it goes fully insured through ShipIFS, the shipping vendor Moda uses for its own watches.
A Serial Check tells you whether this 126710BLRO has been reported stolen and whether its dial and bracelet are the factory originals.
Moda-lytics tracks the live market price of this reference from real wholesale listings.
Moda Watch Club is the Moda group for luxury watches, and Moda Watch Club: 10K & Under covers watches below that line. Both are free to join with a join code.
Common questions
Why is it called "Pepsi"?
The nickname comes from the blue-and-red two-tone bezel, which collectors likened to the soda brand's colors decades before Rolex adopted the name informally itself.
What's the difference between the Jubilee and Oyster bracelet versions?
Same case and reference number, different bracelet only. Jubilee was the sole option when the 126710BLRO launched in 2018; Rolex reintroduced the Oyster bracelet as a second option starting in 2021.
Is the 126710BLRO still being made?
No. Rolex discontinued it, along with the white gold 126719BLRO, at Watches & Wonders in April 2026, and did not announce a replacement red-and-blue bezel model.
Does the ceramic bezel fade like older Pepsi bezels did?
No. The Cerachrom insert resists UV fading, unlike the aluminum bezel on the vintage 16710, which is well known for fading to a pale pink and cream over decades in the sun.
What does "true GMT" mean on this watch?
It means the local hour hand can be set independently, in one-hour jumps via the crown's second position, without stopping the seconds hand, so the 24-hour GMT hand keeps tracking home time while you adjust local time for travel.