This GMT-Master, reference 16700 remains in very good condition throughout. The case is nice and fat, with strong proportions and a sharp, well-preserved stainless steel bezel fitted with the well known Pepsi insert. Notably, this insert features the more clean looking non-serif font. This GMT-Master is offered complete with its original 1999 purchase warranty, inner and outer boxes labeled with the watch’s reference, and 2023 Rolex Service Center paperwork.

The watch is paired with its original 78360 Oyster bracelet, which remains in very good condition with minimal to no-stretch and a crisp Rolex clasp. The glossy black dial is absolutely spotless, providing a striking contrast to the red and blue Pepsi insert.

At six o’clock, the familiar tritium signature disappears, replaced by a simple, unembellished “SWISS.” No additional markings, no references, just a clean indication that signals a shift in luminous material and, more importantly, a fleeting chapter in the brand’s history. It’s a detail easily overlooked at first glance, yet unmistakable once understood.

This minimalist approach gives the dial a distinctive balance and clarity, setting it apart from its predecessors and successors alike. Because of its extremely short production window, the ‘Swiss Only’ configuration remains one of the most elusive variations within the GMT-Master lineage.

We warmly invite you to visit our showroom to experience this beautiful Rolex GMT-Master ‘Swiss Only’ in person. The way the glossy dial, Pepsi insert, and strong case and bracelet come together makes this a particularly appealing example. As always, she has been professionally serviced according to Rolex specifications and will be delivered with our two-years of mechanical warranty.