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The big talking point out of day one at Watches & Wonders is that the Rolex GMT-Master II ‘Pepsi’ is no longer. Both the stainless steel (Ref. 126710BLRO) and the white gold version (Ref. 126719BLRO) have disappeared from Rolex’s catalogue.
If you’ve been paying attention, you’re not exactly shocked. The watch has been the subject of discontinuation speculation for years, mostly tied to how difficult and expensive that red and blue ceramic bezel was to produce.
But the Pepsi is not alone. Yesterday, Rolex unveiled several new releases at Watches and Wonders, while several classic models didn’t make the cut. There are some big names in here, as Rolex makes way for the centenary of the Oyster and a 2026 lineup full of surprises.
Here’s everything Rolex has quietly removed from the catalogue in 2026.
1. GMT-Master II “Pepsi” (Ref. 126710BLRO / 126719BLRO)
One of the most recognisable Rolexes of the modern era, now gone from the catalogue. Perhaps surprisingly, the “Pepsi” has not been replaced by a “Coke” (red and black bezel), as many has speculated.
Case: Oystersteel / White gold
Bezel: Red and blue Cerachrom
Functions: GMT, date
Bracelet: Jubilee (steel), Oyster (white gold)
Notable: Dual-colour ceramic bezel long rumoured to be difficult to produce
2. Submariner Date “Cookie Monster” (Ref. 126619LB)
Full blue bezel and dial in white gold, with noticeably more weight than the steel Submariners.
Case: 18 ct white gold
Bezel: Blue Cerachrom
Functions: Time, date
Bracelet: Oyster
Notable: Nicknamed for its all-blue colourway
3. Rolex Datejust 41 “Azzurro” (Ref. 126300 / 126334 variants)
A brighter, more saturated blue dial than Rolex usually leans into.
Case: Oystersteel / White Rolesor
Dial: Azzurro blue
Functions: Time, date
Bracelet: Oyster / Jubilee
Notable: One of the more vibrant Datejust dial options
4. Day-Date 36/40 Stone Dial Variants (Refs. 128238 / 128239 / 128235 etc.)
Turquoise and stone dials that rarely look the same twice.
Case: 18 ct gold
Dial: Stone (turquoise, aventurine and others)
Functions: Day, date
Bracelet: President
Notable: Natural variation makes each dial unique
5. Yacht-Master Diamond Dial Variants (e.g. Ref. 226658)
More decorative takes on the Yacht-Master, leaning further into jewellery than tool watch.
Case: Gold / Oysterflex variants
Dial: Pave diamond
Functions: Time
Bracelet: Oysterflex / Oyster
Notable: One of the more design-led Yacht-Master configurations
Other notable Rolex discontinuations in 2026
Beyond the “Pepsi” and the “Cookie Monster,” Rolex has performed a significant spring cleaning of its 2026 catalogue, removing several high-profile references that had become cult favourites over the last few years. Here are the other key models that have been discontinued:
6. The Yacht-Master purge
Along with the Diamond Dial variants mentioned above, the Yacht-Master range is going through almost a complete overhaul, with a more simplified design. Rolex has also retired the Yacht-Master 42 in white gold (Ref. 226659) featuring the “Falcon’s Eye” stone dial.
And after nearly two decades, the original Yacht-Master II has been formally retired to make way for a complete architectural reboot. Known for its massive 44mm presence and the unapologetic “YACHT-MASTER II” branding across its blue ceramic bezel, the outgoing model was Rolex’s most complex – and polarising – tool watch.
7. The Celebration (Bubble) Oyster Perpetuals
Perhaps the most surprising exit is the Celebration motif dial across the Oyster Perpetual 31, 36, and 41 lines. Introduced in 2023, this turquoise dial with its multi-colored “bubbles” was a radical departure for Rolex, and makes way for the Centenary collection.
8. Datejust 31 Floral Motif Dials
The intricate, textured floral dials – which used three different finishes (sunray, matte, and grainy) on a single surface – have been pulled from the Datejust 31 collection. While often overlooked by sport-watch enthusiasts, these were technical showcases of Rolex’s dial-making capabilities.
9. High-Jewellery “Off-Catalogue” Pieces
Several GMT-Master II and Daytona “SARU” or “Eye of the Tiger” variants (models heavily set with sapphires, rubies, and diamonds) have been rotated out. Rolex typically replaces these every few years with new gem-set configurations, making the outgoing versions instantly more collectible.
At a Glance: Discontinued Rolexes (April 2026)
| Model Name | Reference(s) | Case Material | The “Rolex” Reason |
| GMT-Master II “Pepsi” | 126710BLRO / 126719BLRO | Steel / White Gold | Production difficulties with the red-blue ceramic bezel. |
| Submariner Date “Cookie Monster” | 126619LB | 18ct White Gold | Surprise retirement; likely clearing path for a new PM Sub. |
| Datejust 41 “Azzurro” | 126300 / 126334 | Steel / White Rolesor | Replaced by new green ombré and slate “100 Year” dials. |
| OP “Celebration” (Bubbles) | 124300 / 126000 | Oystersteel | The 2023 novelty has reached the end of its 3-year run. |
| Day-Date “Stone” Dials | 128238 / 128239 | Yellow / White Gold | Boutique-only “Off-Catalogue” shift for rare stones. |
| Yacht-Master II (Steel) | 116680 | Oystersteel | Total lineup refresh following the 2026 YMII revival. |
If you’re wondering what replaced them, we’ve broken down the full 2026 Rolex lineup from Watches & Wonders.
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