Some watches are worn for what they can do. The Submariner is mostly worn for what it looks like it could do, and ref. 126610LN is the purest current version of that look: steel, a black dial, a black ceramic bezel, and a date under a magnifying lens1.
It is also the reference that sits between two others on this site: the 116610LN it replaced, and the no-date 124060 that arrived with it5,6. What follows is what changed in 2020, what didn't, what it costs and what to check before you buy one pre-owned.
Seventy-three years of the same watch
Rolex launched the Submariner in 1953, and its Submariner page in 2026 calls it the brand's first divers' wristwatch waterproof to 100 metres23. In 2013 Rolex claimed more; see «Where the sources disagree» below. Wikipedia dates the first production to 1953 and its public debut to the Basel fair of 195416. The date arrived in 1969, with the Submariner Date5,23.
Ref. 16610 carried the Submariner Date from about 1988 to 2010 with calibre 3135, which runs for about 48 hours16,24. It was replaced in 2010 by the 116610LN, which brought the Cerachrom ceramic bezel to the steel Submariner, a larger Maxi dial, heavier lugs that collectors call the Super Case, solid bracelet links and the Glidelock clasp16,17.
The 126610LN followed in 2020. Sixty-seven years in, the formula still reads the same from across a room: black dial, rotating bezel, Oyster bracelet and the Mercedes hour hand, which first appeared on a Submariner in 19541,2,16. Most of the change since has been in proportions and in the movement.
What changed in 2020
Rolex replaced the whole Submariner range at once on 1 September 2020, and the 126610LN took over from the 116610LN2,6. Monochrome's verdict was that only trained eyes would tell the two apart2, and aBlogtoWatch found them almost uncannily similar on the wrist3.
The case went from 40 to 41 mm on Rolex's spec sheet3,6. Fratello says the real growth was smaller, from about 40.2 to 40.5 mm9. What you notice more is the lugs: thinner and more tapered, closer to the older five-digit Submariners than to the square-shouldered 116610LN2,19. The lug width went from 20 to 21 mm and the bracelet widened with it2,9.
On the dial the hour hand became wider, the minute hand longer, so that it now reaches the minute track2, and a small crown appeared between SWISS and MADE to mark the new movement4,5.
That movement is the real news. Calibre 3235 replaced the 3135, raising the power reserve from about 48 hours to about 702,5,6. It has Rolex's Chronergy escapement, a blue Parachrom hairspring and Paraflex shock absorbers1,2. In practice: take it off on Friday evening and it is still running on Monday morning3. The 3235 was not new to Rolex in 2020, but the Submariner was among the last families to get it4.
Not new in 2020: the ceramic bezel and the Glidelock clasp. Both arrived on the steel Submariner Date with the 116610LN in 201016,17.
On the wrist
Rolex publishes the diameter but not the thickness. The measurements we found disagree by half a millimetre: 12.0 mm (Crown & Caliber), 12.3 mm (Wikipedia) and 12.5 mm (WatchGuys)16,18,19. So we print no figure.
Monochrome found that the new case feels a little more compact than the 116610LN, because the slimmer lugs and wider bracelet rebalance it2. aBlogtoWatch thought the two wear almost identically3.
The Glidelock lets you lengthen the bracelet by about 20 mm in steps of about 2 mm without tools, so it fits over a diving suit1,2.
What it costs
On 16 October 2026 Rolex's suggested retail price for the 126610LN was USD 11,350 in the US before tax, GBP 9,500 in the UK including VAT, and EUR 10,950 in Germany including VAT1,7,8. All three prices are for the same model number, m126610ln-0001: black dial on an Oyster bracelet1,7,8.
About a year earlier it was USD 10,650 (the same figure on 28 August and 14 December 2025), GBP 9,100 on 12 October 2025 and EUR 10,600 on 12 September 202510,25,26,27. That is a rise of 6.6, 4.4 and 3.3 per cent over spans of 10 to 14 months, so the three are not strictly comparable. In the US the step came between mid-December 2025 and mid-February 202610,28. At launch in 2020, aBlogtoWatch reported USD 9,1503,4.
Pre-owned, we can only measure asking prices. The median asking price on the first page of Chrono24's 126610LN listings was USD 14,875 in October 2025 and USD 15,500 in August 2026, up 4.2 per cent; measured from June 2025 (USD 14,314) it was up 8.3 per cent11,13,15. Both windows show asking prices rising. Over the same stretch Rolex's US list price rose 6.6 per cent10,20,29, so measured against list the two windows disagree. From October 2025 the gap to list shrank, from 40 to 37 per cent; from June 2025 it grew, from 34 to 37, although that June figure rests on a list price we observed eight days later.
The gap is the more telling number. On every date we checked, the median asking price sat between 31 and 40 per cent above Rolex's US list price: 34 per cent in June 2025, 31 in August, 40 in October, 39 at the end of December and 37 in August 20261,10,11,12,13,14,15,20,25,29. For three of those dates the list price was the same on our observations either side. For June and December 2025 it was not, so we used the nearest list price we could observe; with the other one, those two figures would be 40 and 31 per cent, still inside the range28,30. Asking prices are not sale prices, and that first page mixes new, unworn and pre-owned watches, so read it as a direction, not a valuation.
Buying one pre-owned
Rolex's position is simple: buy from the jewellers it appoints31. Away from them, the checks above are the minimum. Look for the crown between SWISS and MADE, the crown in the crystal, a date that fills the lens and a seconds hand that sweeps. WatchGuys, a dealer, adds three of its own: check how much the bracelet sags, look for over-polished case sides, and make sure the box, papers and warranty card match the serial number19.
If a seller offers a 126610LN with a date "before September 2020" on the papers, ask why. Rolex presented it on 1 September 20202,6.
Nobody can tell you how rare a 126610LN is. Rolex publishes no production figures by reference. The analyst estimates that exist cover the whole brand: Morgan Stanley and LuxeConsult put Rolex's 2025 volume at about 1.15 million watches22, and Monochrome notes that these are estimates, not figures provided by the brands21.
The dubious part
Rolex gave the 126610LN a clasp that extends by about 20 mm so it fits over a diving suit1,2. Its most common use is after lunch.
