Ref. 16710 is the second GMT-Master II and, at eighteen years, the longest-running one so far1,14. It ran from 1989 to 2007, in steel, with an aluminium bezel insert in Pepsi, Coke or black, on an Oyster or a Jubilee: six ways to wear one reference, as Luxury Bazaar counts them1,3.
It is also the last steel GMT-Master II with an aluminium bezel, which makes it either the final honest pilot's watch or a very handsome way to buy fading, depending on who is selling it1,6.
From Pan Am to the GMT-Master II
Rolex dates the GMT-Master to 1955 and its partnership with Pan Am; some dealer histories say 19542,15,25. In 1982, by Rolex's account, a new movement let the hour hand be set independently of the minute and 24-hour hands, and the watch was renamed GMT-Master II9,14,15.
The first reference was the 16760, with calibre 3085 and a case thick enough to earn it the nickname «Fat Lady»3,8,17. Several sources date it to 1983, and most say it came only with a red and black insert, the first Coke1,3,4,25.
The 16710 arrives
In 1989 the 16710 replaced the 167601,2,3. The function stayed; the movement got thinner. Caliber Corner gives calibre 3185 a height of 6.45 mm against 7.2 mm for the 3085, which let Rolex slim the case and lugs1,8,14.
It was the first GMT-Master II offered with all three inserts3,14,25. The same generation came in steel and gold as the 16713 and in yellow gold as the 167183,26.
Eighteen years of small changes
Rolex did not mark model years, so the changes crept in rather than arrived; the dating table below lists them1. Two are disputed, the change of lume and the arrival of the 3186; see «Where the sources disagree».
Near the end came two changes collectors now hunt: the stick dial, with the «II» printed as two plain strokes, and calibre 31861,4,14. Bob's Watches puts the 3186 in late Z- and M-serial watches from late 20072,16.
Inside: calibre 3185, then 3186
Caliber Corner describes the 3185 as calibre 3135 with a 24-hour hand added8. It has 31 jewels, runs at 28,800 vibrations an hour and holds about 50 hours of reserve, and the seconds hand stops while you set the time2,7,8. There is no separate quickset for the date: it moves with the hour hand, forward or backward7, which a reader on Caliber Corner counts as two full turns of the hand per day8.
The 3186 replaced a simple ratchet with a click spring, which removed the wobble of the 24-hour hand, and added Rolex's blue Parachrom hairspring; Grail Watch says the new arrangement has proved less reliable1,10. Luxury Bazaar says 3186 examples seem to command a small premium, but not the surge collectors once predicted1.
Pepsi, Coke or black
Rolex sold one reference with three inserts. Sellers add letters to it, and they do not agree. Bob's Watches and Exquisite Timepieces add A for Coke, B for Pepsi or N for black as the last character, as in 16710A2,4; the retail price table below reads «16710 T/A/B»18; listings use BLRO for the Pepsi, and LN on Pepsi and Coke alike19,22,23. Only in the successor's 116710LN is LN part of Rolex's own reference24.
Luxury Bazaar calls the 16710 the last Coke GMT-Master Rolex made, leaving out the off-catalogue «Icy Coke» versions, and Bob's Watches says Rolex has never made the Coke in ceramic1,11. It also carried the last aluminium Pepsi: after 2007 the red and blue bezel left steel for eleven years, and Rolex dropped it from the catalogue in April 20266,9.
Whether a colour is worth more depends on whom you ask. Luxury Bazaar says the Pepsi commands only a small premium; Bob's Watches credits the Coke with the 16710's recent rise1,11. On Chrono24, listings titled as Coke asked more than those titled as Pepsi in February and October 2024. In July 2024 the Pepsi led by 9.8 per cent, and in all four archived copies from 2025 by 2.8 to 12.7 per cent19,20,21,22,23,27,28. Only 27 to 40 of the roughly 60 titles on each page name a colour, so read that as a hint.
What came after
Rolex says the GMT-Master II was its first watch with a Cerachrom ceramic insert, in 200515. That was the gold 116718LN; the steel 116710LN followed in 2007, at first in black only, with a broader case, a Triplock crown in place of the Twinlock, a «Maxi» dial and an Oyster bracelet only1,3,11,14. The steel Pepsi returned in 2018 as the 126710BLRO, on a Jubilee and with calibre 32856,9,13. Next to all of them, the 16710 is the slim one, with a stamped clasp that feels light by modern standards4,16.
What it cost, and what it costs
Rolex publishes no historic price list for the 16710. The best record we found is a US-dollar retail price table that began as a handout a Rolex dealer gave the site's author in 2005 and was later extended by its publisher, Minus4Plus618. Its steel GMT-Master II line shows USD 3,500 in September 1992, the first figure we can attribute to the 16710 with confidence, and USD 5,750 in March 2008, about 64 per cent more. In September 1996 the steel GMT-Master stood at USD 3,300 against USD 3,500, so the independent hour hand cost about 6 per cent extra18. It is not a Rolex document.
Pre-owned, we can measure asking prices, from seven archived copies of Chrono24's 16710 page, the latest from October 2025. The first-page median rose about 6.9 per cent in the year to October 2025, from USD 11,944 to USD 12,768, but sat about 5.4 per cent below February 2024's USD 13,49919,20,21. February 2024 had more stick-dial, error-dial and 3186 listings, ten against four; without them and one gem-set watch, the year is up about 7.3 per cent and the longer window still down about 2.4 per cent. We judge on the year, which compares the same month with the same number of late variants: asking prices fell until January 2025 and had won back more than half of the fall by October 202519,21,23. Asking prices are not sale prices.
For sale prices, Bob's Watches reports an average of USD 15,200 for the 16710 across its own sales in the twelve months to August 2026, about 15 per cent above the year before, and a median of USD 15,295 for the 16710 Pepsi from August 2025 to July 20266,11. WatchGuys, quoting WatchCharts, puts the 16710 around USD 13,300 in September 202616. That is one dealer's sales and one aggregator's estimate, not the market.
Buying one pre-owned
The youngest 16710s are nearly two decades old, so you are buying their history as much as the watch. Bob's Watches warns that the 16710 is a frequent target for franken-watches assembled from parts of different years, and its checklist runs from the engravings and the bezel insert to bracelet codes, service history and paperwork11. A tritium dial in a case without lug holes, or a 3186 behind a 1990s serial, proves nothing by itself, but it is a question to ask before paying.
We found no production figure for the 16710. Bob's Watches says it is the second-best-selling GMT-Master II in its own sales, after the 11671029.
The dubious part
The most sought-after 16710s are the ones where something went slightly off: a bezel the sun has bleached towards pink, or a «II» printed without its serifs14,16. Sellers call the second an error dial. Luxury Bazaar calls it a typeface1. In each of the seven archived Chrono24 copies, most listings that mentioned an error or stick dial asked more than the page's median, 23 of 28 in all, and in October 2025 all three did19,20,21,22,23,27,28. The market has sided with the sellers.
