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Rolex Rainbow Daytona Ultimate Buying Guide

Paul Altieri

When the Rolex Daytona chronograph watch first appeared in 1963, it was not the ultra-desirable status symbol that it is today. It would not be until the introduction of a self-winding movement in the late 1980s that the Daytona would truly begin its current trajectory towards being seen as one of the most important sports watches of the 21st century.

Due to its success in more recent years, the Cosmograph Daytona has become one of the most diverse models from Rolex’s Professional Collection, with more than 60 different models currently available. You can have your Rolex Cosmograph Daytona in 18k yellow, white or Everose gold (Rolex’s proprietary blend of 18k rose gold), along with two-tone steel and gold, full stainless steel, or the last word in shimmering excess: solid platinum. On top of that, there is the choice of Cerachrom or metallic bezels, two types of bracelets, baton or gemstone hour markers, and an exhaustive list of dial colors and materials.

The Daytona Rainbow Rolex is a Super Rare Off-Catalog Watch

However, that is not the end of the story. For a while now, there has been a collection behind the collection that is not available to the general public and not listed anywhere on Rolex’s official website. These off-catalog watches are super rare pieces, usually with massively over-the-top visuals, produced in such incredibly small numbers that many of us will never see one in the flesh. We don’t currently know just how many rainbow Daytonas were made but would guess that quantities are kept low.

Many of these ultra-exclusive Rolex watches offer a truly opulent and in-your-face aesthetic, and as a result of their bold designs, they have not always been to everyone’s personal tastes (just think about the Leopard Daytona ref. 116598 SACO). Many of these models were simply too ahead of their times, but the so-called Rainbow Daytona is so fitting in the present era that it currently changes hands for more than three times its already staggering retail price.

So while it may not be the kind of luxury watch to send writers scurrying to their thesaurus looking for synonyms for “understated” and “restrained” (or anything even remotely close to those words), it is certainly an amazing example of the capabilities of Rolex, both as a watchmaker and a jeweler. Below, we take a look at this stunning statement piece in more detail.

Rolex Rainbow Daytona

Rolex Rainbow Daytona 116595RBOW Diamond Pave Dial
The diamond-paved dial version of the Eversoe Rainbow Daytona is the most luxurious execution of this remarkable watch. Image: @lo0ch

Rainbow Daytona Key Features:

  • Reference Numbers: 116598RBOW, 116599RBOW, 116595RBOW
  • Case Diameter: 40mm
  • Materials: 18k Gold (Yellow, White, or Everose Gold)
  • Functions: Time w/ Running Seconds, 12-Hour Chronograph
  • Dial: Black or Diamond Pavé w/ Crystal Gold Registers and Baguette-Cut Sapphire or Square-Cut Diamond Hour Markers
  • Bezel: Fixed, 36 Baguette-Cut Rainbow Gradated Sapphires
  • Crystal: Sapphire (Flat)
  • Water Resistance: 100 Meters / 330 Feet
  • Movement: Rolex Caliber 4130
  • Strap/Bracelet: Oyster Bracelet

View our Ultimate Buying Guide on the Rolex Daytona.

Rolex Rainbow Daytona Case

In truth, the Rolex Daytona has always had a bit of a flashy side, especially for what started out (ostensibly) as a tool watch. Unlike, say, the Submariner or Explorer, there has been a solid gold option for nearly every one of its references dating back to its initial debut in 1963.

Furthermore, diamond-encrusted bezels made their first appearance as early as the 1980s, with the ref. 6269 and ref. 6270 (featuring brilliant-cut and baguette-cut stones respectively), completely negating the speed measuring abilities of its tachymeter scale – what is typically one of the Daytona’s hallmark characteristics. However, those vintage examples now look positively tame next to the Rainbow models.

The yellow and white gold Cosmograph Daytona Rainbow watches hit the market in 2012, with another six years going by until the 2018 release of the Everose gold version. As of yet, there has not been a platinum version, but with price being virtually no object for the buyers of these watches, it is certainly not something to rule out for the future.

Visually, all of the Rolex Daytona Rainbow watches follow a similar pattern, although there are slight differences between the two older models and the more recent Everose gold edition. The lugs and crown guards on each reference are coated with 56 brilliant-cut diamonds, varying in size depending on their positioning. ‘Brilliant’ refers to a stone cut into a cone shape with numerous facets, designed to let as much light through as possible and so provide exceptional brilliance – and the gems festooning the Rainbow Daytona’s extremities do indeed dazzle.

Rolex Rainbow Daytona 116595RBOW
The Rainbow Daytona is definitely not your average Rolex chronograph…

Rolex Rainbow Daytona Dial & Bezel

Moving away from the case and onto the dial is where we see the small but intriguing disparities. The yellow gold (ref. 116598RBOW) and white gold (116599RBOW) models each have eight further brilliant-cut diamonds, placed in square settings for their hour markers, with the 3, 6, and 9 o’clock locations receiving applied Arabic numerals and the Rolex coronet standing in for the 12 o’clock marker.

However, on the most recent Everose gold Rainbow Daytona ref. 116595RBOW, those diamonds have been replaced by sapphires, in a mixture of colored baguette and square-cut shapes (depending on how much space each one has on the dial). So, why is that important? To answer that, we have to bring the truly extraordinary bezel into focus.

The Rolex Rainbow Daytona watches obviously got their name from the 36 multicolored gems adorning their bezels. The reason these rainbow-colored gemstone bezels are so special is the unbelievable fastidiousness the setters have shown in selecting exactly the right stones. In addition to complete uniformity in terms of size, shape, and quality, the graduation in color from one stone to the next is absolutely seamless, and something that is only really possible when backed by the immense resources of the world’s most famous watchmaker.

With that in mind, the Everose gold version takes the significant extra step of having its baguette-cut sapphire indexes precisely mirroring the shade of the adjacent stone on the bezel. It is a stunning achievement and even if the watch itself isn’t to your taste, it’s impossible not to be impressed with the dedication and expertise that has clearly gone into each one.

It also explains why all three of the Rainbow Daytona watches were produced in such tiny numbers. Even with Rolex’s funding, there are only so many suitable gems in the world, and only so many gemologists capable of selecting and setting these stunning multicolor stones.

There are also a couple of other differences between the different black dial Rainbow Daytona models. The three chronograph counters, in their traditional tri-compax arrangement, are finished in what Rolex has dubbed gold crystal. The term refers to a gold alloy that has been crystallized to give it a textured aesthetic, and each of these Rainbow Daytona models receives sub-dials color-matched to the gold of its case. Lastly, only the Everose edition is given the extra blingy option of a full diamond pavé dial, which is drenched in diamonds that carry over onto the center links of its Oyster bracelet.

Rolex Rainbow Daytona Reference 116595 RBOW
The Everose gold edition was released in 2018 and it is the most recent version of the Rainbow Daytona.

Rolex Rainbow Daytona Movement

Underneath all the extravagant grandstanding, at their heart, these watches are still part of the Rolex Daytona collection, arguably the greatest mechanical stopwatch of all time.

And running the show is the in-house Caliber 4130 movement. It is the entirely Rolex-produced follow-on from the Zenith El Primero, the Daytona’s first automatic caliber, and is recognized as one of the finest mass-produced chronograph movements of the modern era.

The Cal. 4130 was unveiled in 2000 after 5-years of development, and it followed Rolex’s customary decree of doing more with less. Made up of just 201 separate parts (representing a 60% decrease from its predecessor), it has been stripped back to just its essential components for maximum reliability.

In places, Rolex’s engineers have consolidated several different elements into one. For example, while the previous movement had two individual mechanisms to control the minute and hour chronograph counters (one on each side of the movement), on the Caliber 4130 they have been combined into a single module. In addition to meaning that the chronograph can now be adjusted with a lone regulating screw rather than the five of the El Primero, it frees up enough room for a longer mainspring, taking the power reserve from 50 to 72 hours.

The Cal. 4130 was also the first Rolex movement to receive the brand’s proprietary Parachrom hairspring. The alloy of niobium and zirconium with a blue oxide coating is of Rolex’s own invention and it is virtually impervious to the effects of magnetism and temperature variations, two of the biggest enemies to mechanical movements and their accuracy. Shock resistance is likewise reported to have increased, by as much as 10 times over older traditional hairsprings.

Perhaps the most important of all the various improvements is the adoption of a vertical clutch for the chronograph. Along with granting the ability to run the stopwatch for extended periods of time without affecting the model’s general timekeeping, it has the advantage of providing incredibly precise starts and stops of the seconds hand, without the judder or ‘handslop’ that is sometimes associated with the more-common horizontal coupling system.

Additionally, Rolex has made the clutch unit serviceable, unlike those of many other rival manufacturers. The module can be removed, disassembled, lubricated, and replaced with relative ease, both safeguarding its accuracy and extending the life of its components. All of the Rainbow Daytona watches are classified as Superlative Chronometers, which means that they exceed the already-stringent timekeeping parameters that are required for COSC-certification (the gold standard when it comes to movement accuracy).

Rolex Rainbow Daytona 116595 RBOW
The rainbow sapphire hour markers perfectly match the bezel on Rolex’s Rainbow Daytona.

Rolex Rainbow Daytona Price

Upon their release, the various Rainbow Daytona watches represented some of the most expensive models Rolex had ever put into production. The Everose gold version, due in part to its color-coded indexes, was the most expensive retailing at around $97,500, with the yellow and white gold pieces still topping the $90,000 mark. However, the value of these watches on the pre-owned market has absolutely skyrocketed.

Given that Rolex’s Rainbow Daytona watches feature solid 18k gold cases swathed in the finest jewels, they were always going to be somewhat costly. Additionally, buying one of these Rolex models was already scarce to begin with and are only getting increasingly more difficult to track down as an increasing number of people seek to add them to their collections. Consequently, the average asking price for a Rainbow Daytona is now almost triple what it was when the watches were originally launched.

At the absolute bare minimum, you will be parting with northwards of $250,000 for any of the three Rainbow Daytona watches. And if you fancied securing yourself the mega-luxurious diamond pavé dial Everose gold versions, plan on spending roughly twice that. It is not uncommon for Rolex watches to sell for two to three times their original retail prices, but there is a significant difference between a watch that costs $5k to $10k selling for triple its retail price, and one that already costs almost six figures doing the same.

Rolex Rainbow Daytona 116595RBOW
Would you wear the Rolex Rainbow Daytona? Image: @Takatakboy

Who Wears The Rainbow Daytona?

The list of celebrities who have embraced the Rolex Rainbow Daytona is a diverse one, although they do all have one particular trait in common – and that is a less than shy and retiring personality.

Rapper, singer, and producer Post Malone is a big fan of the Rainbow Daytona, as are fellow musicians and fanatical horologists John Mayer and Adam Levine. Actor and comedian Kevin Hart and tough guy Mark Wahlberg also share a love for the colorful excesses of the Rainbow Daytona, and even Miley Cyrus has been spotted wearing her yellow gold model.

From the world of sports, Kansas City Chiefs quarterback, Patrick Mahomes flexes the Everose gold edition, along with LA Lakers power forward, Anthony Davis. Additionally, French soccer star, Antoine Griezmann decided to celebrate his move to Barcelona from Atlético Madrid by purchasing himself an Everose gold Rainbow Daytona.

However, perhaps topping them all is legendary Cameroonian striker Samuel Eto’o. His Rainbow Daytona is rumored to have been specially commissioned by Rolex, and it is the only white gold model set with a full diamond pavé dial, with blue enamel Arabic numerals in place of the usual jeweled indexes.

The Rolex Rainbow Daytona models are – by any standards – incredible and stunning watches. However, away from the undoubted artistry and headline-grabbing price tags, they also have a certain quality you don’t automatically associate with Rolex – fun. While the Rolex Rainbow Daytona may not appeal to everyone’s tastes, those with the confidence (and the means) to pull off such a statement piece will undoubtedly turn heads. For those seeking a truly unique and eye-catching timepiece, consider exploring the world of used Rolex for sale – you might just discover the perfect rainbow-clad companion for your wrist.

Paul Altieri
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