Rolex GMT Master*** 16700 Pepsi*** 1991
ROLEX GMT Master Pepsi Bezel Ref. 16700, Last Master, tritium dial, 1991
Serial: N278309
Circa: 1991
Reference No.: 16700

DIAL: Black glossy dial with white gold applied tritium luminous hour markers, beveled date aperture at 3 o’clock. Mercedes hour and pencil minutes hand, lollipop seconds and red color GMT hand indicating the second time zone.

CASE: 40mm, stainless steel with red and blue rotating bezel and sapphire crystal with loupe for date at 3 o’clock.

MOVEMENT: Caliber 3175, Self-winding mechanical movement with 31 jewels

BRACELET: Rolex stainless steel Oyster bracelet 78360/501B, date code R8

CONDITION REPORT: Mint condition, sticker on the back. Movement overhauled October 2020.

NOTES: In 1988 the reference 16700 replaced the 16750 with a different case, sapphire crystal and 3175 caliber instead of 3075. The reference 16700 was priced lower compared to the GMT Master II Ref. 16710 introduced around the same time (The 16710 replaced the 16760 in 1989). The 16700 is the last GMT Master. Sometimes this 16700 reference is called "The Last Master".
It came with a tritium dial until 1997 (U serial) and Luminova starting in 1998. The model was then entirely discontinued in 1999.