Kermit sub

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Presenting the 50th Anniversary Rolex Submariner 16610LV, also known as the Rolex Kermit watch.

The Rolex Kermit model is a Green Submariner that was released in 2003, in celebration of the Rolex Submariner’s 50th Anniversary. Rolex’s 50th Anniversary Submariner was discontinued in 2010, and since then, the value of this watch has risen significantly, as many Rolex stainless steel timepieces do. Collectors predict that pre-owned Rolex 50th Anniversary Submariners will continue to rise in value, especially those in excellent condition with the original box and value. The Rolex Kermit is a watch destined to be a collectible, although one could argue that it already is.

In this post, we are going to cover everything you need to know about the Rolex Submariner known as the “Kermit”.

The main feature of the Kermit Rolex Submariner 16610LV is the vividly eye-catching green bezel. For the 50th Anniversary of the Submariner, Rolex decided to use their signature color green for the bezel of this commerative watch. This unique and distinctive feature is what earned it the nickname “Kermit”.

rolex submariner 50th anniversary

Why does Rolex use Green?

Rolex has been employing the color green in advertising and its logo since the mid-20th century. Green is deeply rooted in the Rolex tradition, so the Rolex Green Submariner Anniversary watch makes sense.

Although no one can truly state the reason for Rolex favoring the color green, it is thought to be because the color resembles, and is associated with, money, fortune, affluence, and many prestigious and luxurious things, for instance, a Masters winner’s jacket. So when Rolex released the 50th Anniversary Edition Rolex Submariner, it was the collector community that bestowed it with the name Kermit.

Rolex collectors frequently give Rolex watches interesting names. For example, the Hulk (another Rolex Green Submariner), the Batman, and the Smurf, to name only a few.

The people’s reaction for the Kermit Rolex Submariner

Even though the Rolex collector community now highly seeks to obtain the Kermit Submariner, and it is highly valued, it was received with mixed reviews when first released. This is because it went against the standard look of the popular Submariner watch, which shocked people. Some people thought it was not in tune with the sophisticated appearance that Rolex is so well known for.

However, Rolex knew what they are doing. When they released the 16610LV, in which the LV stands for lunette verte (green bezel), on the 50th anniversary of the Submariner, they knew a few subtle changes and a green bezel was enough to stir the pot within the community. Hence, people started talking, and as with anything different, the reception of the new watch was mixed.

Nowadays, almost all watch collectors and enthusiasts hold the famous Rolex Kermit in the highest regards. The Rolex Kermit Oyster Perpetual Submariner was the first Rolex to have a green bezel, and everything about the watch was flawless as ever. Rolex successfully produced a stunning style for the ages with the stainless steel case and bracelet, the black dial with prominent luminescent hour markers, and the green bezel that gave it its nickname, the Kermit watch.

rolex submariner kermit

Kermit Rolex – Green Rolex Submariner, Ref. 16610LV: DIAL & BEZEL

Between traditional Rolex and modern Rolex, the watch itself is just a stunning effort of style, mostly because the changes are subtle. The design works so well. A combination of the steel tones with the black dial and the green bezel makes this watch completely unique.

It is often said that if you were to pop in a green bezel insert, you wouldn’t be able to distinguish a conventional 16610 with the LV but that’s not exactly true. In addition to the beautiful green lunette, the Rolex Kermit Submariner does have a distinct dial that was exclusive to this model.

The individual plots of the indices along with the index at the 12 o’clock are significantly larger than on other Submariners of the era. Even at an arm’s length, you can see the indices incredibly well. This was not common to a five-digit reference Sub at the time. This feature would become Universal in the era of the Subsea but at the time of the anniversary Submariner debut, it was something that you would only see on the Yacht Masters and the LV model. So, the watch does have more identity and exclusivity to it than one would think when first looking at it. It has a very bold look compared to other Submariners of its time, with the black lacquer and huge indexes. Plus, the case is satin and polished and it shows beautifully.

Along with those notable changes, you can see that there is an omission of the engraved ‘Rolex’ on the outboard of the dial. This is one of the last distinctions that became part of the line before the advent of the 2010 Hulk Submariner.

Changes in the production of the Rolex Kermit Submariner 50th Anniversary Watch

As we all know, over time there were many small changes in the production of the Kermit Rolex. Likely as many as eight separate changes to the dial itself, without even going into the bezel. The watch evolved greatly during its production period. Although it was a short run, the distinctions between the variations of the dial are artificial and not a basis for biding up or biding down for any individual version. Perhaps the earliest version, which was the Y serial number model, could sell for more because they are so scarce. And, being that they are the first, it could someday demand a higher premium, but all of these watches are a long way removed from vintage status (which means the value should continue to rise!).

rolex kermit price

Rolex Kermit FLAT 4

The first version of the Rolex Submariner 16610LV is commonly referred to as the Flat 4 (aka the Mark I). The Flat 4 got the name simply because the watch has a different font for the number 4 on the dial. The difference is the top of the 4 meets with a flat line on the inside of the four, instead of a point. The Mark I also contains more pronounced serifs for the numerals with internal angles. So, it is commonly referred to as the Flat 4 “Serifed”.

There is second version of the Flat 4 (aka FAT 4), known as the Mark II, is the same as the first but without the pronounced serifs. Both the Mark I and Mark II bezels will only be found on models with serial numbers up to F54. All the watches from later productions use a four that makes a point on the inside of the 4.

That being said, there are many other slight variations that were made throughout its production life. Changes that most people would never even notice. It’s something that Rolex collectors like to discuss. However, the Flat 4 Mark I and Mark II are the only ones that are specifically more sought after. Collectors purchase and sell the FLAT 4 version for thousands of dollars (sometimes even double the price) more than other versions. Even so, the majority of collectors would say its ridiculous to pay more for the Rolex Kermit Flat 4, and the most important factor for the price should be the condition of the Rolex Kermit, not its small nuances in design.

Rolex Submariner 16610LV: Stainless Steel Watch Bracelet & Case

It has a 40mm stainless steel case, not inclusive of the crown or crown guards. The case is quite compact as all pre-super case Rolex Submariners are. The Rolex Kermit watch uses a scratch-resistant sapphire crystal to protect its display.

The bracelet is nicely made and it can survive the years and potential damages excellently due to the nature of its quality. The watch has a hollow link oyster bracelet made of 904L stainless steel. The grain is crisp, deep and unmoored. It features a traditional Rolex stamped clasp with clamshell and Rolex Glidelock extension system, which also has superb tolerances like the bracelet links and case itself.

It also features solid end links for slightly more solidity heft. It’s a bridge between traditional Rolex and modern Rolex.

All in all the stainless steel case and bracelet complement this Rolex Green Submariner beautifully.

rolex green submariner

Rolex Submariner 16610LV Movement

The Rolex “Kermit” 50th Anniversary watch uses Automatic movement. It uses Caliber 3135, which is one of the oldest production movements (and still used to this day) and is made in-house by Rolex. It is an extremely reliable caliber and the most popular as it maintains perfect accuracy throughout time.

The Rolex Kermit features 31 jewels and has 28800 beats per hour, with 50 hours of power reserve. It’s also waterproof down to 1,000ft!

Rolex Submariner 16610LV has quick date change capability when set on the second position of the crown. When adjusting time, there is no retraction of the minute hand after it’s set and the winding of the movement is amazingly smooth, giving you the full experience of Rolex.

Kermit Rolex Watch Size & Wrist Presence

If we look back to the early 2000s, there were some complications with the style of Rolex watches and size in particular. However, this green Submariner is one that no one regrets. The Rolex Kermit is amongst the best of its era. This is a timepiece that produces immense charisma and power on the wrist. On the wrist, it is 6 1/3 inches and has a 16-centimeter circumference. It’s 13 millimeters thick and thanks to the slope of the bezel, it can slide underneath tight sleeves easily.

Rolex really did their homework on the Kermit Rolex Submariner to ensure it fits smaller wrists. As we all know, there is a difference between sitting right and feeling right, and this one feels right. It works for a wrist down to around 13.5 centimeters. So even smaller wrists are able to wear the Kermit with security and a good sense of proportion.

The Rolex Green Submariner 50th Anniversary Edition, Ref #16610LV Technical Specifications & Main Features

One of the special features of this watch was that it was the first diving watch that could handle high pressures and stay waterproof past a depth of 330 feet. Also, due to the rotating bezel, divers are able to stay prudent and keep track of time while underwater.

Watch specifications:

  • Unidirectional Rotating Green Bezel (for the
  • Chronometer
  • Black Dial with Date indicator at 3 o’clock
  • Automatic Movement
  • Waterproof to 300m/1000ft
  • Stainless Steel Case
  • 904L Stainless Steel Oyster Bracelet
  • Sapphire Crystal Glass

rolex 50th anniversary

Rolex Kermit Price

When the Kermit Sub was still in production, it went for around $5,000 USD. When it became discontinued in 2010, there was a slight increase in its price on the second hand market. However, it was nothing like the Rolex Batman reference 116710BLNR, which saw a significant spike in price.

It wasn’t until the past 5 years that the Rolex Kermit started to appreciate in value in a way that catches collectors eyes. It reached around $15,000 by 2015.

Now, a Rolex Kermit pre owned watch with original box and papers will have sticker prices of around $20,000-25,000 USD.

If you want to order one, you can contact Diamonds by Raymond Lee for the most competitive price.

Is The Rolex Kermit a Collectible?

The Rolex Kermit, reference 16610LV is absolutely collectible. For a watch that has not even reached its 20th birthday, the Rolex Kermit has significantly appreciated in value. We see only continuing to trend upwards. This makes the Rolex Kermit a smart investment, even this late into its life.

The are a few factors that make the Rolex Kermit highly collectible:
  1. It had a limited production run of approximately 7 years.
  2. The Kermit is a Rolex Submariner 50th Anniversary watch. History shows us that essentially are Rolex commemorative anniversary models are collectible and highly valuable, with prices on the second hand market continuing to increase with each passing year.
  3. This green Submariner was not named Kermit by Rolex themselves, it was coined the “Rolex Kermit” by watch collectors. When a Rolex watch is given a nickname by the watch collector community, you can guarantee that it has a special place in their hearts.
  4. The Rolex Kermit is the last of the non super-case Submariners.
Among the watch collecting world, it has been often stated that we will never see a watch quite like the Rolex Kermit.

Our predictions for its value are based on the past decade and what we gather from adept Rolex collectors. It seems likely that the Kermit will continue to rise in value. Will it ever be as valuable as the Rolex Daytona Paul Newman, most likely not. However, it could very well reach Rolex Pepsi GMT Master II ref. 126710 status. If it does, it would make purchasing a Rolex Kermit now a good investment.

As we discussed, the Rolex Kermit had variations in the dial throughout its production life. The most collectible version has proven to be the Flat 4 (or FAT 4) Mark I Rolex Kermit. This small nuance demands more value.

That being said, the most important aspect of the value of a Rolex Kermit is its condition. The watch hasn’t reached such a high collector status that it can be sold for a premium even when it is scratched up. So, keep this in mind when deciding on if you want to add the Kermit Rolex Submariner 50th Anniversary watch to your collection.

History of the Submariner

Rolex is the most iconic company in the watch industry, and people highly consider Submariner to be the most iconic Rolex. The Rolex Submariner is a household name. It was made popular by military units, James Bond and other celebrities alike.

The Submariner debuted in 1953 at the Basel Show. Submariner is a special watch that has a heritage and history that is second to none. It is a watch that is welcomed anywhere. You could wear it with business formal, business casual or casual attire. This makes the Submariner one of the most versatile sports watches ever. Rolex Submariner has transcended its origins as a tool for serious divers, and then also its later use for standard-issued military units. It is now one of the most sought-after watches to ever exist.

In 2003, Rolex released a commerative watch for it’s 50th anniversary. This watch was the green Rolex Submariner 16610LV. The Rolex Submariner 50th Anniversary watch was coined the Rolex Kermit by watch collectors, of course, and it is one of the most talked about and sought after Submariners.

The Rolex Kermit was discontinued in 2010, and replaced by the Rolex 116610LV, which was shortly after named the Hulk. Ever since, people have debated which is better, the Rolex Kermit or the Rolex Hulk.

Rolex KERMIT vs Rolex HULK:

In 2010, another Rolex Green Submariner was released, it was called “the Hulk”. At first glance, they might appear very similar, but in fact, they are very different and they read entirely different. One thing to note about the Hulk Rolex is it has a massive case, hence the nickname. For another thing, it has a green dial AND green bezel.

The Kermit Rolex LV green bezel is different from the new ceramic as it is metallic so it really pops in the light. You can see a gleam when the light hits it, which is something that it has that other Submariner watches like the Hulk don’t have. The Kermit has a special luminesce and radiance to it. The lacquered bezel of the Kermit has a much brighter gloss than the sunburst metallic green on the Hulk Rolex.

Kermit Rolex is a Traditional Submariner, Rolex Hulk is a Modern Version

The Kermit Rolex wins the “Rolex Kermit vs Hulk” competition in our books. That being said, the bezel on the Hulk Rolex is harder wearing than on the Kermit. Furthermore, the bracelet on the Hulk has updated center links and an updated clasp. The Hulk has much larger lugs and a squarer case compared to the more eloquent rounded case and thinner lugs of the Kermit.

The Hulk wears a bit larger, as the name suggests. So if you want a larger watch than the Hulk would be a better option for you. The Kermit offers a much more classic Submariner style compared to the modern styling of the Hulk Rolex.

Since the Kermit Rolex isn’t in production anymore, the Kermit Rolex 16610LV price is higher. However, if you are looking to purchase the Hulk, you will have to wait as they have a massive wait list to purchase it, as they are in very high demand.

The Hulk Rolex uses new materials and many would consider it is better built but if we are talking style, aesthetics, and design, the Kermit takes the W.

To put it simply, if you were to ask a watch collector to trade a Kermit Rolex for a Hulk Rolex, you’d likely be met with a hard NO.

Summary: Key Differences Between the Rolex Hulk and Rolex Kermit

Size: Both watches are 40mm but the Rolex Hulkappears bigger because it has a “Maxi” case, which features crown guards and lugs about twice the size of previous watch cases. Bezel:The Rolex Kermit has an aluminum insert bezel while the Hulk has Rolex’s newly innovated Cerachrom bezel. The Cerachrom bezel is superior in its durablity and scratch resistance. Bracelet:The Rolex Kermit comes with an Oysterclasp while the Hulk has a Glidelock clasp. The Glidelock clasp offers more functionality as it can adjust by 20mm, with 2mm increments. Demand: Both watches are highly sought after and collectible. However, you are far more likely to see a Rolex Hulk around than a Rolex Kermit. The Kermit is more scarce, which drives a stronger demand and more value.

rolex hulk vs kermit

Diamonds by Raymond Lee is now selling the Rolex Submariner 50th Anniversary watch.

Diamonds by Raymond Lee is a high-end retail jewelry store located in Boca Raton. We have been buying and selling luxury watches, gold and diamond jewelry, and more for over 30 years. The Rolex Kermit watch pictured in this article is now on sale at our retail location in South Florida.

Do you want to buy the Rolex Kermit?

Buy The Rolex Kermit Submariner Now.

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This Is Everything You Need To Know About The Rolex Kermit

This is the 50th anniversary Rolex Submariner Ref 16610LV. Or Rolex Kermit for short. It’s not super well-known to the general public. At least not compared to the Rolex Hulk. Still, it’s a very cool watch with an interesting backstory behind it. And one that is worth reading about if you fancy yourself a budding Rolex aficionado. It’s also one of the last examples of modern-day Rolex doing something a little quirky. A little unexpected. Which is why, among other reasons, we love the Ref 16610LV so much. Let’s get into the full story.

A (Very) Brief History Of The Rolex Submariner

In the early 1950s, recreational diving was starting to become a thing. Nowadays, of course, everyone and their grandmother goes snorkelling and diving. But before the middle part of last century, this type of activity was undertaken only by the military. Elite soldiers – often referred to as Frogmen – with incredible stamina and nerves of steel.  Their mission briefs included underwater intelligence, sabotage operations, and clandestine port-attacks.

Around the same time a certain René-Paul Jeanneret was indulging his passion for scuba diving. A close personal friend of Jacques-Yves Cousteau, he had good idea of what a diver’s watch needed. And what it didn’t. He also happened to serve on the Board of Directors Rolex. Jeanneret came up with the idea for a sporty yet elegant everyday watch that would be waterproof. He saw it as an opportunity to pursue his hobby and expand Rolex’s customer base at the same time.

Development began in earnest and by 1953, Rolex was ready to begin production and testing. But they needed a way to get the word out about the company’s ability to produce water-resistant watches. They came up with an ingenious but somewhat risky publicity stunt. It included Swiss physicist, inventor and explorer, Auguste Piccard. When he took his Bathyscape deep-diving submarine down to a mind-bending depth of 3,131.8 meters, a specially-designed Rolex went with it. The watch emerged from the successful dive completely intact and running fine. Point made.

vintage Rolex Submariner Ad
A vintage Rolex Submariner ad – courtesy of Jake’s Rolex World.

The next year, in 1954, the Rolex Submariner Ref 6204 made its debut at the Basel watch fair. The design was practical and easy to read, yet also very attractive. The 38mm steel Oyster case offered unprecedented water resistance at 100m (300ft). A rotating bezel allowed divers to keep track of elapsed time.

50(ish) Years On: The Rolex Kermit Ref 16610LV

In 2003, Rolex marked the 50th anniversary of the Rolex Submariner with the launch of the Ref 16610LV. Better known to collectors as the Rolex Kermit. Hold on though, you’re thinking. Isn’t that a year early? I read above that the first Submariner debuted in 1954. Wouldn’t that mean the 50th anniversary would be in 2004? It’s a valid question. But it seems this is another of those delightful quirks of the watch industry.


IN THE SHOP: check out this pre-owned Rolex Submariner Ref 16610LV Kermit available now.

Development of the Submariner likely started around 1950. And Rolex had working models of the Submariner in testing in 1953. The model was formally announced later that year, in September. But was not actually available for public sale until 1954. In any event, Rolex has determined that the Submariner was born in 1953. Hence the 50th birthday celebrations took place in 2003.

The timing discrepancy is not the only reason the Ref 16610LV stands out though. Nowadays, the use of color in Rolex Submariner watches is somewhat more common. There’s the blue on blue Rolex Submariner Ref 116619LB. Also known as the “Smurf”. And of course, the green on green Rolex Hulk. Which is something of an evolution of the Rolex Kermit.

It’s important to note though that these models both came after the Ref 16610LV. Before that, the GMT-Master series was the only sports model to have a non-black bezel. And even then, that use of color serves a very functional purpose. So, at launch, aficionados and enthusiasts weren’t so sure about the green bezel on the Ref 16610LV. In fact, many decried it as ruining the beloved tool watch aesthetic of the Submariner. Leading to another, less flattering nickname: the Vomit Sub.

Amplifying this was the fact that it took the place of the Rolex Submariner Ref 16610. The most popular Sub in modern history (at that time). Debate raged online and off about whether Rolex had made a mistake. As usual, the Geneva brand paid little to no attention to the feedback.

Why Green?

Rolex has long associated itself with the color green. Its logo, boxes, hang tags, etc. are all green. The brand has never offered any official explanation for why this is. The general consensus though is that it’s because green is synonymous with money. And by extension success, power and so on. All things Rolex seeks to represent.

When it comes to the Submariner though, there is no special connection with the color. Which is what made the Ref 16610LV all the more unexpected. Exactly what Rolex was trying to achieve. They were marking a major milestone, so they wanted to create something that would stand out. But that didn’t deviate too far from the model’s core DNA.


IN THE SHOP: check out this pre-owned Rolex Submariner Ref 16610LV Kermit available now.

The bezel itself is quite striking. It’s lighter, brighter and more eye-catching than the Cerachrom bezel found on the Hulk. And stands in strong contrast to the black dial. The insert is aluminium. That means over time these will fade and age, developing their own unique character. Unlike the Ceramic models, which will look exactly the same 50 years from now.

Some people like that, others don’t. It’s all a matter of personal taste.

More Than A Green Bezel

The bezel wasn’t the only thing that looked different on the new Ref 16610LV. The 50th anniversary model also saw the introduction of the Maxi dial to the Submariner. Having made its debut on the Yacht-Master in 1991, the dial features larger hands and indexes. Further improving legibility and giving a subtle nod to some of the earliest examples of the Sub.

The slim(ish) profile of the Oyster case and the tapered lugs ensure a comfortable fit on the wrist. In fact, it is one of the best proportioned Submariners ever. Particularly because later variations of the Submariner would introduce the so-called “Super” case. After all, the Rolex Hulk doesn’t only take its name from the fact it’s all green. If you compare it side-by-side with the Kermit you will notice it’s a bulkier watch. That’s not a bad thing of course. It does mean though that the Ref 16610LV is an ideal choice for those with smaller wrists.


IN THE SHOP: check out this pre-owned Rolex Submariner Ref 16610LV Kermit available now.

It’s worth mentioning here as well that early versions do not have an engraved rehaut. It wasn’t until 2008 that the word ‘ROLEX’ repeated three times was laser engraved on the rehaut. Along with the watch’s serial number. The model number remains between the lugs at 12 o’clock. Pre-engraved rehaut models tend to be more popular. But it’s a matter of personal taste.

There were several other variations during the 7-year run of the Ref 16610LV too. In fact, collectors have determined 9 different generations of the Kermit (Mark I – Mark IX). These include revisions to the case. The bezel. And the text on the dial. Most are indistinguishable unless you know exactly what you are looking for.

The most well-known is that of the FAT 4 bezel. (Or FLAT 4, as it is also called.)

The FAT 4 (Or Flat 4) Bezel

The first generation of the Ref 16610LV is the Mark I. This model is also referred to as the FAT 4. You could say this is the true anniversary model. The FAT 4 designation arises from the different font used on the bezel. If you look at the ‘4’ on the 40, you see the top is flat. Much like the ‘4’ on this Rolex GMT-Master Ref 16750.

To make things extra confusing, there are actually two different versions of the FAT 4 bezel. The first one is the FAT 4 “Serifed”. On this bezel, the inside of the four in ‘40’ is square at the top. While the numbers with internal angles have pronounced serifs. The bezel is also a lighter, olive green than on later models. So, of course, it has nickname too: Bertolli. This specific bezel was only in production for a few months.

The second version is the FAT 4 “non serif”. The top of the 4 on “40” is flat like the first bezel. But the other numbers don’t feature serifs. Both bezels are only found on models up to serial number F54. Or Mark I or Mark II versions of the Ref 16610LV. With the Bertolli being the rarer of the two.

An example of a Ref 16610LV with a FAT 4 bezel – courtesy of the Rolex Forums.

If you’re wondering what’s so special about the earlier bezels, the answer is nothing. The only impact of the FAT 4 bezel is is aesthetic. And even then, if you don’t know what you’re looking for, you would miss it. On all later versions of the Ref 16610LV, the four is triangular, with the two lines meeting at a point. Although there would be 3 further bezel variations. (5 in total.) This is consistent with all later model Rolex Submariner and Sea-Dweller watches.

That said, it is one of those little quirks of Rolex that has become prized by collectors. That’s why the Mark I or Mark II version of the Rolex Kermit often sells at a major premium. Is it worth the extra money? Yes and no. These versions of the Rolex Kermit are the actual anniversary ones. And there were less FAT 4 bezels made. So, it is rarer than the other generations. But there are other factors to consider too. Such as condition, accompanying documentation, and so on.

The Rolex Submariner Ref 16610LV “Kermit”

As mentioned above, the Ref 16610LV is one of the best proportioned Submariners ever. The Oyster case is a compact 40mm in diameter (excluding the crown and crown guards). And it stands around 13mm high, meaning it can slide under your cuff with ease. The lugs are thinner than on later models, such as the Hulk, which makes it well suited to smaller wrists. But you still have the benefit of the maxi-dial. As with all modern Submariners, the case is water resistant to 300m.

The watch comes on hollow link oyster bracelet made of 904L stainless steel. With solid end links giving it a bit more weight on the wrist. Something that older watch lovers will appreciate. It closes with a Rolex stamped clasp with clamshell. And incorporates the Rolex Glidelock extension system.


IN THE SHOP: check out this pre-owned Rolex Submariner Ref 16610LV Kermit available now.

It’s modern enough to make you feel like you’re wearing a ‘new’ watch. But also has a hint of a vintage vibe to it, a sort of retro cool. It’s almost a throwback to to the Submariners of the 80s and 90s, but with more contemporary styling. And quality control.

Inside is the ultra-reliable Rolex Caliber 3135. It’s one of the brand’s oldest production movements and is still in use in the Submariner today. (At the time of writing at least.) Certified as a superlative chronometer, it offers a 48-hour power reserve. Along with a quick-change date.

Price & Availability

At the time of launch, the Ref 16610LV retailed for around US$5,000. Even when production ceased in 2010 there was not an immediate jump in price. Not like what happened with the Ref 116710BLNR Batman last year. In fact, it’s only been over the last 5 years or so that the Kermit has started to appreciate in value.

Pricing on the secondary market varies, depending on condition, generation, and so on. Expect to pay upwards of US$$15,000 for a good example of a non-FAT 4. We have this Z-serial Rolex Kermit in excellent condition in the shop now. It comes complete with box and papers and is selling for US$15,500.


IN THE SHOP: check out this pre-owned Rolex Submariner Ref 16610LV Kermit available now.

If you want a FAT 4 expect to pay a significant premium. A word of warning though. The green bezel insert on the Ref 16610LV is not that difficult to swap out. Before you commit to paying big money for a FAT 4, make sure all the other criteria checks out. And always buy the seller.

Is It Collectible?

The Ref 16610LV is not even 20 years old yet but has already seen significant appreciation in value. Several factors are responsible for this; it’s limited production run (approx. 7 years). Its anniversary status. And the unusual green bezel/black dial combo giving rise to the Kermit nickname. There’s also the fact that it’s the last of the non “super-case” Submariners. It seems reasonable to say we will never see another watch quite like the Kermit from Rolex.

In the near term though, prices continue to fluctuate. It seems collectors still haven’t quite made up their mind about the Kermit. What’s most important to consider from a long-term value point of view though is condition. It’s likely not worth paying a premium for a scratched-up FAT 4.

If you want to own a distinctive piece of Rolex history that also wears well, then the Ref 16610LV could be for you. We don’t have a crystal ball of course, but it seems likely this model will continue to appreciate in value. The most important thing though is that you enjoy owning and wearing it now.


IN THE SHOP: check out this pre-owned Rolex Submariner Ref 16610LV Kermit available now..

Technical Specifications: Rolex Submariner Ref 16610LV ‘Kermit’

  • Case: Oyster – 40 mm – Oystersteel – monobloc middle case, screw-down case back and winding crown – unidirectional rotatable bezel with diving scale. Green insert in aluminium – waterproof to 300 metres / 1,000 feet.
  • Dial: Matt black – Maxi-dial – 18ct gold hour markers – luminescent hour markers and hands.
  • Movement: Calibre 3135 – bidirectional self-winding via Perpetual rotor – Parachrom hairspring – 48-hour power reserve –  Centre hour, minute and seconds hands – Instantaneous date – Stop-seconds for precise time setting – COSC-certified chronometer.
  • Price: Discontinued / ~USD15,000 on secondary market.

This article by TheWatchLounge has been sponsored by our partner WatchBox.

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About the Rolex Kermit

Characterized by a green bezel and black dial, the original Submariner Kermit made its debut in honor of the Submariner's 50th anniversary. After seven years of production, Rolex said goodbye to the Kermit, replacing it with a model featuring a matching green bezel and dial combo. A decade later, the green and black Submariner returned to the Rolex catalog—but it's now known as the Ceramic Kermit thanks to its Cerachrom bezel.

Submariner Kermit History

Introduced in 1953, the Rolex Submariner is the world's most famous dive watch. For the first five decades of the watch's history, all stainless steel versions came exclusively with a black bezel.

To mark the 50th anniversary of the Submariner in 2003, Rolex broke tradition and introduced a stainless steel Submariner Date ref. 16610LV with a never-before-seen green aluminum bezel. LV is short for the French words "Lunette Verte," which translates to "Green Bezel." The green Submariner became affectionately known as the Kermit among enthusiasts and it was in production for about seven years. It was then replaced in 2010 by the Submariner ref. 116610LV (nicknamed the "Hulk") sporting a green Cerachrom ceramic bezel and matching green dial.

In 2020, Rolex launched a new generation Submariner collection with larger 41mm cases and new movements. As expected, Rolex included a new Submariner Date LV in the mix. Yet in a surprising twist, the brand paired the green Cerachrom bezel with a black dial, thus heralding the return of the Submariner Kermit. Yet, to differentiate it from the original 2003 Kermit, enthusiasts have taken to calling the new ref. 12610LV the Ceramic Kermit (or Cermit for short.)

  • 2003: Rolex introduces the Submariner ref. 16610LV "Kermit"
  • 2010: Rolex discontinues the Submariner Kermit
  • 2020: Rolex releases the Submariner ref. 126610LV "Ceramic Kermit"

Submariner Kermit References, Features, and Options

The two Rolex references that are commonly called Submariner Kermit include:

  • Submariner Date ref. 16610LV
  • Submariner Date ref. 126610LV

Regardless of the specific reference number, Rolex Submariner Kermit watches are exclusively available in stainless steel and feature green unidirectional bezels and black dial. As Submariner Date versions, they include a date window at 3 o'clock, topped by a Cyclops magnification lens protruding from the sapphire crystal shielding the dial. Like all modern Subs, the dials of the Kermit have luminous Mercedes-style hands and a mix of luminous rectangular, circular, and triangular hour markers.

They may share similar nicknames but the discontinued Kermit and the brand new Ceramic Kermit have a slew of differences to note.

Submariner Kermit 16610LV vs. Submariner Kermit 126610LV

Submariner Kermit 16610LVSubmariner Kermit 126610LV
Production Years2003 – 20102020 - Present
Case40mm 904L Stainless Steel41mm Oystersteel Stainless Steel
DialBlack Glossy White Gold Applied Indexes Date WindowBlack Glossy White Gold Applied Indexes Date Window
BezelGreen Aluminum Bezel Unidirectional Rotating Graduated to 60 minutesGreen Cerachrom Bezel Unidirectional Rotating Graduated to 60 minutes
CrystalSapphire with CyclopsSapphire with Cyclops
Bracelet20mm Wide Oyster Hollow Center Links Solid End Links Stamped clasp with fold-out diver's extension21mm Wide Oyster Solid Center Links Solid End Links Clasp with Glidelock diver's extension
CaliberCaliber 3135 48-Hour Power ReserveCaliber 3235 70-Hour Power Reserve
Water Resistance300 meters300 meters

Buying Submariner Kermit Pre-Owned vs. New

If you're looking to add the 50th Anniversary Submariner Kermit ref. 16610LV to your collection, then the pre-owned market is the only viable route as Rolex no longer manufactures it. The popularity of the Submariner Kermit has surged in recent years, which has of course increased its value in the collector market. Prices for a pre-owned Submariner Kermit 16610LV starts at $14,995.

While the latest Submariner Ceramic Kermit ref. 126110LV retails for $9,950, as with almost all steel Rolex sports watches, the lack of adequate supply to meet booming demand has paved the way for years-long waitlists at authorized dealers and much higher resale values in the secondary market. The Submariner ref. 126110LV is currently valued at more than double its official retail price and it is not uncommon to find it priced around $20,000 in the pre-owned watch market.

Rolex Submariner Kermit

Rolex Kermit Reference Number(s):


Years Rolex Kermit was Produced:

2004 - 2011

Rolex Kermit Nickname Origin:

In 2004, to celebrate the 50th anniversary of their iconic Submariner line of dive watches, Rolex released the reference 16610LV. This anniversary edition marks the introduction of Rolex’s Maxi dial, which features larger, luminous hour markers than its predecessors.

The reference 16610LV gets its "Kermit" nickname from its black dial with large white hour markers, and green aluminum bezel insert. This combination of features gives the watch a visual appearance that is somewhat reminiscent of Sesame Street’s famous, green frog character, complete with his large, black and white eyes. Do not miss out on our full collection of Subs. Browse additional references by visiting our used

The Rolex Submariner 16610LV AKA \

Rolex has always been a brand that honors subtle evolution. With the brand’s strong design DNA, updates to their timepieces come in the form of small but important changes. Every now and then, however, they throw in a surprise – and that’s exactly what they did with the Rolex Kermit.

Introduced in 2003, the Rolex Kermit was launched to mark the 50th anniversary of the Rolex Submariner. The handsome and conservative dive watch was considered a classic; and the bright green aluminum bezel of the Kermit was a bold, unorthodox move.

What was a polarizing model at the start is now a collector’s favorite – and with the new green ceramic bezel Submariner (126610LV), comes renewed interest in the collection. Here’s a guide to the Rolex Kermit’s variations through the years.




Green Sub

Rolex Submariner Flat 4 Green 50th Anniversary Watch 16610LV

The Rolex Submariner “Kermit” Green Bezel 16610LV is most recognized for its bright green bezel, but along with it came another change in the Submariner’s design – the Maxi Dial. It featured larger hour markers and fatter hands than the standard Submariner Date, resulting in increased legibility.

The rest of its construction remained the same as the black bezeled 16610 Submariner, namely its 40mm steel case, caliber 3135 movement, unidirectional rotating bezel, and depth rating of 300m.



Pointed vs Flat

Rolex Submariner Green 50th Anniversary Watch 16610LV – Pointed vs Flat 4

In typical Rolex fashion, the Kermit underwent several incremental changes throughout its 7-year production. There are as many as nine different versions of it (named Mark I to Mark IX), with different configurations of the bezel, dial, cases, and packaging types. Here’s a simplified guide to different flavors of the Kermit.


The most popular variation of the Kermit is the “Flat 4”, called such because of the different font for the number 4 on the bezel. It has a noticeable flat top, instead of a pointed end.

There are actually two versions of the “Flat 4” bezel. One is the “Serified” version, whose numbers with internal angles have more pronounced serifs or small projections at the end of each stroke. The other is the “Non Serif” version, whose numbers don’t have the projections.

Kermit models with the “Flat 4” sell at a premium, as these can only be found on the earliest generation reference 16610LVs.


Green Sub

Flat 4, Bertolli, and Pointed 4 Bezels


Aside from the bezel fonts, the Rolex Kermit’s bezel colors also evolved. There were five known variations of the Kermit bezel. Four were in racing green colors, while one stood out with its lighter olive green color.

Nicknamed the “Bertolli”, presumably after an Italian range of olive oil, this particular bezel was only produced for a few months. The Bertolli also comes with a serified Flat 4 font.


While the first two versions of the Kermit came with the Flat 4 font, later versions come with a “Pointed 4”, where the number four’s upper parts meet at a point, creating a triangle.

There are three generations of the Kermit with the pointed 4, which are further classified based on their font thickness and on the shape of the number 5, which had either rounded or squared corners.


The Rolex Kermit (16610LV) was discontinued in 2010 to give way to the green dial and green bezel Rolex Hulk (116610LV). The Rolex Hulk remained in production until 2020, when Rolex made major changes to the entire Submariner line.

The 2020 models are now 41mm, rather than 40mm, and come with a new and improved movement, the Calibre 3235.


Green Sub

2020 Rolex Submariner Green Bezel 126610LV beside Rolex Submariner Hulk 116610LV

The new Submariner line also marks the comeback of the green bezel-black dial Rolex Submariner design, this time with a Cerachrom ceramic bezel (ref 126610LV). With its green ceramic bezel and black Maxi dial, the new model is actually an intriguing take on both the Kermit and the Hulk, but the colorway leans towards the Kermit.

Many Rolex fans have taken to calling it the “Cermit” or the “Kermit II”, but the name “Starbucks” is also growing in popularity, after the coffeehouse chain’s official colors.



The Rolex Kermit’s combination of timeless design and distinctive green bezel makes it a unique classic. Explore our selection of Rolex Kermit watches at





Tags:rolex kermit


Sub kermit

INTRODUCING: The Rolex Submariner ref. 122610LV – the Ceramic “Kermit”



Zach Blass

Green is known to be a special colour for Rolex. In recent eras, to buy a new Rolex sports watch that had any parts fabricated in this particular green you would have to secure a stainless steel Rolex Submariner “Hulk”, yellow gold Rolex GMT-Master II, or yellow gold Rolex Daytona. It is usually quite rare that the “Rolex Green” makes it on to one of their steel sports models, with the Rolex Submariner “Hulk” being one of the most sought-after watches in the world – many leaving their authorised dealers empty-handed with at best a false sense they will climb the waiting list quickly in time.

Rolex Submariner Ceramic Kermit New 2020

Prior to the Rolex Submariner “Hulk”, the hot green watch was the Rolex Submariner “Kermit” 16610LV. Introduced to commemorate the 50th anniversary of the Submariner model, Rolex shocked the world with its bright green aluminum bezel – a nod to their primary brand colour green, used on all of their boxes and paperwork. The Rolex Submariner “Kermit” was discontinued after seven years of production in 2010, ushering in the era of the “Hulk” Submariner (now discontinued). So why are we discussing the Kermit? Because it’s back – larger and tougher than ever.

The new Rolex Submariner, ref. 122610LV

The case

Rolex Submariner Ceramic Kermit New 2020

The ref. 122610LV both returns to and departs from the Submariner design we have come to know. While this model, as well as its new siblings, has increased in case diameter by 1mm, the lugs have been scaled down in size – effectively finding a middle ground between older more tapered models and the block-like lugs found on the maxi case of the recent era Submariner and GMT-Master II models. It may be fair to say the millimetre or so lost in the lugs was added to the diameter of the case to create the illusion of a greater taper. The real question is if the lug to lug has increased beyond the 48mm of the prior ceramic models. If not, everyone can take a breather as the extra millimetre in width will not make or break the fit on the wrist.

The bezel

Rolex Submariner Ceramic Kermit New 2020

For this particular reference, the first thing fans and buyers will notice is the return of the green bezel and black dial combo found on the original Kermit. This shade of green, however, is visibly darker than the aluminium green fabricated for the 50th anniversary. In fact it is more in line with the bezel found on the “Hulk”, possibly the exact same part. This departure from the bright green found on the previous generation aluminium has led some to push for the model nickname to be the “Shrek”, which I don’t get, considering the beloved animated movie character is not rendered in a dark green nor is this watch an ogre aesthetically. I am honestly mind-blown that this configuration is available, considering this is not an anniversary year for the brand or model. That being said, I am not complaining either, and would never fault Rolex for making the watch we all know consumers want. Regardless of colour, it remains the gold standard for dive bezels – being highly legible and easy to grip with a wet/sweaty hand, with sweet audible and tactile clicks that convey the sense of luxury and attention to detail.

The bracelet

The solid 904L stainless steel links have the heft and gravitas of precious metals on the wrist. Few other brands can claim they have tamed 904L for manufacture. The links maintain a uniform and utilitarian satin brush with hints of polish on the sides of the links and clasp. This maintains the “tool” aura for what was originally designed to be a professional tool watch. As both an owner of the Rolex Submariner ref. 114060 and a person with a smaller-sized wrist, I can say unequivocally that Glidelock is a game changer when it comes to the comfort and fit of the watch on your wrist. The 20mm of extension found under the clasp, in ten notches 2mm apart, means that after having the bracelet professionally sized, the wearer is able to make adjustments on the fly with ease. Whether to extend the watch over a dive suit, or to pull the bracelet in a few millimetres for colder weather (which will cause your wrist to shrink a bit), the wearer can quickly make adjustments in both directions without a watchmaker – and without the risk of DIY damage to the bracelet and screws.

The dial

The dial continues to be a “Maxi Dial”, with larger luminous plots for markers that are filled with the brand’s highly legible blue “Chromalight”. It shares the same black gloss finish from the previous generation as well, but with a keen eye, a subtle cosmetic difference can be noted. Between the Swiss Made notation, you’ll now find the Rolex crown sandwiched in between – signalling the latest generation of movement(s) have now arrived in the Submariner line.

The movement

The new Submariner Date models are now outfitted with the latest in Rolex technology. The Calibre 3235 is an in-house manufacture movement made by Rolex, certified as both a Swiss chronometer by COSC and tested again a second time by Rolex to ensure it meets their “Superlative Chronometer” standard of plus or minus 2 seconds. What separates the Caliber 3235 from previous generations is that it features the new Chronergy escapement and Parachrom hairspring. The new escapement is in part why this Submariner has the longest power reserve of any Submariner model: 70 hours.

According to Rolex, “The result of extensive research, the geometry of the new Rolex Chronergy escapement improves the efficiency of this key component by 15 per cent. Almost half of the increased power reserve of calibre 3255 can be ascribed to the escapement itself.” While some may be quick to blame this new movement for the increased case size, this is simply not the case (pun intended?) as this movement can currently be found in the Datejust 36 line as well. A quick search on WatchBase will reveal that this movement is 28.5mm – making it ripe for use in models of various sizes.

While some may try to dismiss Rolex as a mass-produced brand built on hype, let’s be clear: these watches represent the best of factory fabrication in the world – slowly evolved with incremental change to ensure the watches continue to pass their high and rigorous standards.

Many will begin to wonder what will happen to the value of the original Kermit watch, now that a new bigger version with a modernised ceramic bezel and updated movement has been introduced. What this watch does not have: the claim of being first. At the end of the day, the 16610LV has the charm of being the original as well as having the case profile of older models – being true to the classic case design and with a distinct aluminium bezel. As with all steel sports Rolex models, both the old and new Kermit are sure to continue to have high demand and premiums on the secondary grey market.

If you want the new model, start begging and bribing (kidding) your authorised dealer now, because this watch may be unobtanium for quite some time.



Oyster, 41 mm, Oystersteel


Monobloc middle case, screw-down case back and winding crown


41 mm




Unidirectional rotatable 60-minute graduated, scratch-resistant Cerachrom insert in ceramic, numerals and graduations coated in platinum


Screw-down, Twinlock double waterproofness system


Scratch-resistant sapphire, Cyclops lens over the date


Waterproof to 300 metres/1000 feet


Perpetual, mechanical, self-winding


3235, Manufacture Rolex


-2/+2 sec/day, after casing


Centre hour, minute and seconds hands. Instantaneous date with rapid setting. Stop-seconds for precise time setting


Paramagnetic blue Parachrom hairspring. High-performance Paraflex shock absorbers


Bidirectional self-winding via Perpetual rotor


Approximately 70 hours

Rolex Submariner ref. 122610LV – the Ceramic “Kermit”

$9550 USD

Zach Blass

Deputy Editor

Which Rolex Submariner is best, Kermit or Hulk?
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