For decades, the Rolex Submariner has reigned supreme as the quintessential dive watch, a symbol of adventure, precision, and timeless style. In 2003, Rolex marked a monumental milestone – the 50th anniversary of this legendary timepiece. To commemorate this occasion, they unveiled a special edition that would quickly capture the hearts of watch enthusiasts and collectors worldwide: the Rolex Submariner 50th Anniversary model, affectionately nicknamed the "Kermit." This article delves deep into the history, design, significance, and enduring appeal of this celebrated watch, exploring why the Rolex Kermit remains a highly sought-after piece in the world of horology.

A Legacy Forged in the Deep: The Rolex Submariner's First 50 Years

To truly appreciate the significance of the Rolex 50th Anniversary Submariner, we must first understand the rich history of the original Submariner. Launched in 1953, the Rolex Submariner (reference 6204) was a pioneering tool watch designed for professional divers. It was one of the first watches to be waterproof to 100 meters (330 feet), establishing a new benchmark for underwater timekeeping. Over the subsequent decades, the Submariner evolved through various iterations, each refining its design and technical capabilities, solidifying its reputation for robustness, reliability, and iconic aesthetics. From its adoption by military divers and explorers to its prominent place in popular culture, the Submariner became more than just a watch; it became a symbol of exploration and achievement.

By 2003, the Submariner had become a cornerstone of the Rolex collection, representing the brand's commitment to innovation and quality. The anticipation for the 50th anniversary Submariner was immense, with enthusiasts eager to see how Rolex would honor this landmark occasion.

Introducing the 'Kermit': The Rolex Submariner 16610LV

In Baselworld 2003, Rolex unveiled the Submariner ref. 16610LV, the official Rolex 50th Anniversary Submariner. While based on the classic Submariner platform (reference 16610), the 16610LV introduced several key distinctions that set it apart and cemented its iconic status. The most immediately noticeable and defining feature was its vibrant green bezel, a departure from the traditional black bezels of previous Submariners. This striking green, officially termed "Vert" by Rolex, was chosen to commemorate the 50th anniversary and quickly earned the watch its popular nickname, "Kermit," after the famous Muppet character.

Key Features of the Rolex 'Kermit' 16610LV:

• Vibrant Green Bezel: The anodized aluminum green bezel insert is the most defining characteristic, instantly distinguishing the Rolex Kermit from other Submariner models. This bold color choice was a significant departure for Rolex at the time and has become a hallmark of the watch.
• Maxi Dial: The 16610LV also featured the "Maxi dial," characterized by larger luminous hour markers and hands. This enhanced legibility, particularly in low-light conditions, a crucial feature for a dive watch.
• Classic Submariner Case: The Rolex Kermit retained the robust 40mm stainless steel Oyster case of the 16610, known for its water resistance and durability.
• Caliber 3135 Movement: Powering the 50th Anniversary Submariner was the tried-and-true Rolex Caliber 3135, a chronometer-certified automatic movement renowned for its accuracy, reliability, and longevity.
• Oyster Bracelet: The watch was fitted with the classic stainless steel Oyster bracelet, providing both comfort and security on the wrist.
• "Lunette Verte" Engraving: While not externally visible, the "LV" in the reference number stands for "Lunette Verte," French for "Green Bezel," further emphasizing this key feature.

These subtle yet significant changes transformed the familiar Submariner into something truly special, a celebratory timepiece that honored the past while embracing a bolder, more contemporary aesthetic.

Why the 'Kermit' Became an Instant Classic and Collector's Item

The Rolex 50th Anniversary Submariner, the 16610LV Kermit, resonated deeply with watch enthusiasts for several reasons. Firstly, it was a limited production run, manufactured from 2003 until approximately 2010. This inherent scarcity immediately increased its desirability. Secondly, the green bezel was a bold and unexpected move by Rolex, a brand often associated with more conservative designs. This daring color choice, combined with the iconic Submariner DNA, created a watch that was both recognizable and unique.

Furthermore, the "Maxi dial" provided a subtle but noticeable update to the dial aesthetics, enhancing readability and giving the watch a slightly more modern feel. The reliable Caliber 3135 movement ensured the watch's performance lived up to Rolex's exacting standards. In essence, the Rolex Kermit was not just a commemorative piece; it was a genuinely improved and visually striking iteration of a legendary watch.

As production of the 16610LV ceased, its value in the secondary market began to climb steadily. Today, the Rolex Kermit is considered a highly collectible and investment-worthy timepiece. Its relatively short production run, distinctive green bezel, and historical significance as the 50th anniversary Submariner have all contributed to its enduring appeal and rising market value.

Investing in a Legacy: The 'Kermit' as a Collector's Piece

For watch collectors and investors, the Rolex 50th Anniversary Submariner presents a compelling proposition. Its historical significance, limited production, and distinctive design make it a highly desirable piece. The value of the Rolex Kermit 16610LV has consistently appreciated over the years, outperforming many other luxury assets. Several factors contribute to its investment potential:

• Rarity and Scarcity: The limited production run of the 16610LV ensures its scarcity in the market, driving up demand and value.
• Historical Significance: As the 50th anniversary Submariner, it holds a special place in Rolex history, making it particularly appealing to collectors.
• Iconic Design: The green bezel and "Maxi dial" are instantly recognizable and aesthetically pleasing, ensuring its timeless appeal.
• Rolex Brand Prestige: Rolex's enduring reputation for quality and luxury underpins the value of all its watches, including the Kermit.
• Continued Demand: The Submariner, in general, remains one of the most sought-after watches globally, and the Kermit, as a special edition, benefits from this overall demand.

When considering purchasing a Rolex Kermit as an investment, it's crucial to ensure its authenticity and condition. Purchasing from reputable dealers or auction houses is recommended. Look for watches with their original boxes and papers to maximize long-term value.

The 'Kermit' vs. The 'Hulk': Evolution of the Green Bezel Submariner

In 2010, Rolex replaced the 16610LV Kermit with the Submariner 116610LV, affectionately known as the "Hulk." While both watches feature a green bezel, they represent distinct generations of the Submariner and cater to different preferences. The "Hulk" boasts several key differences from the "Kermit":

• Ceramic Bezel (Cerachrom): The "Hulk" features a scratch-resistant ceramic bezel, replacing the aluminum bezel of the "Kermit."
• Green Dial: The "Hulk" has a striking green dial, further enhancing its green aesthetic, whereas the "Kermit" retains the classic black dial.
• "Super Case": The "Hulk" features a more substantial "Super Case" with broader lugs and crown guards, giving it a larger wrist presence.
• Maxi Case Lugs: Wider and more squared lugs compared to the slimmer lugs of the Kermit.

The "Kermit" is often favored by purists who appreciate its classic proportions and more vintage feel, while the "Hulk" appeals to those who prefer a more modern and robust aesthetic. Both watches are highly desirable, but the Rolex Kermit, as the original green bezel Submariner and 50th anniversary edition, holds a unique historical significance.

Finding Your 'Kermit': Purchasing and Authenticity Tips

If you're looking to acquire a Rolex 50th Anniversary Submariner, the 16610LV Kermit, here are some key points to consider:

• Authorized Dealers (ADs): Finding a new Kermit at an AD is virtually impossible as production ceased years ago. However, ADs can be a source for pre-owned models, though availability is still limited.
• Reputable Grey Market Dealers: Numerous reputable grey market dealers specialize in pre-owned luxury watches, including the Rolex Kermit. Do thorough research and choose dealers with strong reputations and guarantees of authenticity.
• Auction Houses: Major watch auction houses regularly feature vintage and modern Rolex watches, including the 16610LV. Auctions can be a good source, but due diligence is crucial.
• Online Marketplaces: Online platforms dedicated to watch sales can also be a source, but exercise extreme caution and prioritize sellers with excellent feedback and authentication services.

Authenticity is paramount. When purchasing a Rolex Kermit, look for the following:

• Serial and Reference Numbers: Verify the serial and reference numbers are correct and match Rolex's records (if possible).
• Dial and Bezel Details: Scrutinize the dial printing, lume application, and bezel insert for any inconsistencies or signs of tampering.
• Movement Inspection: If possible, have the movement inspected by a qualified watchmaker to ensure it is a genuine Caliber 3135.
• Box and Papers: Original box and papers, while not definitive proof of authenticity, add significant value and credibility.
• Professional Authentication: Consider having the watch authenticated by a reputable third-party authentication service before finalizing the purchase, especially for high-value transactions.

Conclusion: The Enduring Legacy of the Rolex 50th Anniversary Submariner

The Rolex 50th Anniversary Submariner, the 16610LV Kermit, is more than just a watch; it's a horological icon. It represents a pivotal moment in the history of the Submariner, celebrating 50 years of innovation and excellence. Its distinctive green bezel, coupled with the classic Submariner design and robust Caliber 3135 movement, has made it a timeless and highly sought-after timepiece. Whether you are a seasoned collector, a passionate watch enthusiast, or seeking a sound investment, the Rolex Kermit remains a compelling choice, embodying the enduring legacy of the Rolex Submariner and its continued reign as the king of dive watches.

Frequently Asked Questions (FAQ) About the Rolex 50th Anniversary Submariner 'Kermit'