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The Rolex Submariner Ref. 16610LV, widely known as the “Kermit”, marks a hugely important moment in Rolex history. Released in 2003 to celebrate 50 years of the Submariner, it was the first time Rolex introduced a green bezel into the professional range — a bold, celebratory move that has since become iconic.
This 2005 example, offered as a complete full set, captures everything collectors look for in a neo-vintage Submariner. The vibrant green aluminium bezel insert contrasts perfectly against the classic black dial, creating a watch that feels both familiar and unmistakably special. At the time, this colour choice was unexpected. With hindsight, it proved to be one of Rolex’s most successful design decisions of the modern era.
Powered by the legendary Rolex calibre 3135, the Kermit retains the balanced proportions and aluminium bezel that many collectors now prefer over later ceramic references. This is a watch that bridges vintage charm and modern usability with ease.
Key Features
Reference 16610LV
Year 2005
Rolex calibre 3135 automatic movement
40mm stainless steel Submariner case
Original green aluminium bezel insert
Original black dial
Sapphire crystal
Rolex 93150 Oyster bracelet
Divers extension
Complete full set
A Word on Condition
The case presents very well with strong, honest lines and clean surfaces. The bezel insert retains excellent colour with only minor signs of wear, and the dial remains crisp and clear. The bracelet is complete with divers extension and wears exactly as intended.
Overall, this is a well-preserved example that benefits greatly from its completeness and careful ownership.
Collector Insight
The Kermit 16610LV is now firmly established as one of the most desirable neo-vintage Submariners. As the first green-bezel Rolex sports watch, it set the blueprint for later icons such as the Hulk and Starbucks. Unlike those later ceramic models, the Kermit retains aluminium warmth and classic proportions that collectors increasingly value.
Full-set examples have become especially important. As prices have risen, originality, documentation and completeness have become key drivers of long-term value. Early Submariners were rarely kept complete, making sets like this increasingly difficult to find. Many collectors now view full-set Kermits as a sensible long-term hold — not just because of their anniversary significance, but because they represent a genuine turning point in Rolex design.
Why Buy This Watch
First ever green-bezel Submariner
Celebratory 50th anniversary reference
Highly desirable neo-vintage Rolex
Complete full set with rare accessories
Strong historical and long-term collector appeal
This is not just a Submariner — it is a milestone. A watch that marked a shift in Rolex’s design language and has since become one of the most recognisable and sought-after modern classics.
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