The Rolex GMT-Master II is a legendary watch, instantly recognizable for its iconic bidirectional rotating bezel and its ability to display time in two different time zones simultaneously. Its enduring popularity makes it a highly sought-after timepiece, and understanding its pricing in India is crucial for both buyers and sellers. This article provides a detailed overview of the Rolex GMT-Master II price in India, encompassing retail and market prices, model specifications, historical trends, and factors influencing its value, specifically focusing on the popular 116710 reference number. We will also explore resources for finding the best deals and navigating the complexities of buying and selling this prestigious watch.
Retail and Market Price in India:
Determining the exact price of a Rolex GMT-Master II in India is challenging due to several factors: fluctuations in the value of the Indian Rupee against the US dollar, import duties and taxes, authorized dealer markups, and the condition and rarity of specific models. Retail prices from authorized Rolex dealers in India tend to be higher than those in other markets due to these factors. You can expect to see significant premiums above the suggested retail price (MSRP) which is itself subject to change.
For the Rolex GMT-Master II 116710 (a popular model with a black bezel and stainless steel bracelet), expect to pay a minimum of ₹1,000,000 (approximately $12,000 USD) at an authorized dealer. However, this is a baseline figure, and the actual price might be considerably higher, depending on the dealer and prevailing market conditions.
The pre-owned market offers a more varied pricing landscape. The price of a used Rolex GMT-Master II 116710 in India will depend heavily on its condition, box and papers (original packaging and documentation), and overall wear. A well-maintained watch in excellent condition with complete documentation might command a price close to the authorized dealer's price, while a watch showing significant wear might be priced lower. Reputable pre-owned watch dealers and online marketplaces offer opportunities to find better prices than authorized retailers, but thorough due diligence is crucial to avoid counterfeits. Expect to see prices ranging from ₹800,000 to ₹1,200,000 (approximately $9,600 to $14,400 USD) for a used 116710 in varying conditions.
Model Specifications and Historical Trends for the Rolex GMT-Master II 116710:
The Rolex GMT-Master II 116710, released in 2007, features a 40mm Oyster case in stainless steel, a scratch-resistant sapphire crystal, and a calibre 3186 self-winding movement. This movement offers a power reserve of approximately 50 hours and features a quick-set date function. The most distinctive feature is the bidirectional rotating bezel with a 24-hour graduated insert, allowing for the tracking of a second time zone. The 116710's black ceramic bezel insert is particularly sought after.
Historically, the price of the GMT-Master II, including the 116710, has shown a steady upward trend. This is due to several factors: increased demand, Rolex's consistent reputation for quality and craftsmanship, limited production numbers, and the perceived value as a luxury asset. The discontinuation of the 116710 in favor of the newer 126710BLRO (Pepsi bezel) and 126710BLNR (Batman bezel) further increased the desirability and price of the pre-owned 116710.
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