Direct answer: There is significant discussion and multiple reports in early 2026 about Rolex discontinuing the steel GMT-Master II “Pepsi” (ref. 126710BLRO), with authorized dealers told no further deliveries and the model appearing as unavailable on Rolex’s site in some regions. However, official confirmation from Rolex is still tight-lipped, so availability and status may vary by market and over time.
Key context and recent developments
- Reports in March–April 2026 indicate Rolex has informed authorized dealers that no further steel Pepsi deliveries will be allocated, and the model page has shown as unavailable on Rolex’s site in some cases.[1][2][3]
- Market effects include rising prices on the gray market and increased urgency among collectors, even as primary-channel confirmations remain limited.[2][5]
- The situation has triggered ongoing coverage from watch media and resale platforms, often noting the model’s iconic status and the potential for a temporary or permanent shift in availability.[4][5][1]
What this might mean for you
- If you’re eyeing a Pepsi GMT-Master II, expect tighter availability and higher prices on the secondary market in the near term, depending on your region and dealer policy.[2]
- If Rolex does officially discontinue the model, it could solidify into a long-term rarity, which tends to support value in well-preserved examples, though timing and exact terms will matter for investment considerations.[3][5]
Illustration of the trend (example)
- A simple trend for the steel Pepsi could look like: price on primary list (high demand, limited supply) -> delayed availability at ADs -> rising gray-market prices -> potential plateau if production fully ends and new replacements are announced. This pattern is reflected across multiple reports in 2026.[5][3][2]
Would you like a concise, sourced timeline of the reported milestones and a quick intel brief tailored to Dallas-area availability and local AD policies? I can compile key dates and the current status from the latest reports.[1][5][2]
Sources
The Rolex Pepsi GMT-Master II stands as one of the most iconic and coveted sports watches in modern horology. With its striking red-and-blue Cerachrom bezel—earning the affectionate nickname
ewwatches.comThe iconic red-blue Rolex series has seen a huge price surge after a move that had stunned watch lovers worldwide, as at Watches and Wonders 2026, Rolex had officially discontinued the GMT-Master...
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www.chronext.fr✓ ADs confirm: Rolex discontinues the GMT-Master II "Pepsi" in steel and white gold ✓ What's next for the blue-and-red icon? ✓ Read it here ✓
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www.chronext.itRolex killed the steel Pepsi two weeks ago. The grey market lost its mind. And anyone buying in right now is funding somebody else's renovation.
dmarge.com*]:pointer-events-auto [content-visibility:auto] supports-[content-visibility:auto]:[contain-intrinsic-size:auto_100lvh] R6Vx5W_threadScrollVars scrol...
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