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Rolex Kermit Submariner Guide: History, Value & collects or Appeal

  • November 7, 2025
  • 10 Min Read
Rolex Kermit Submariner Guide: History, Value & collects 
or Appeal
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Rolex Submariner is perhaps the most widely recognized diving watch that has ever been made, a symbol of robust, all-reliable, and classic design. However, there is one model in this mythical family with a bright turnaround: the Rolex Kermit. This watch, the Rolex Submariner Date 16610LV, announced in 2003 to mark the 50th anniversary of the Submariner, was the thing that caught the minds of collects ors all over the world. Its defining feature? A large bezel insert made of green aluminum, which was the first in the Submariner, immediately gave it the unofficial title of Kermit, after the well-known Muppet character. The Kermit, however, is more than a change of color, and it marked the turning point in the history of Rolex, as it combines tradition with a fresh new look. Its long-term popularity and great importance in the modern market only confirm the fact that it is a real grail of a collects or. We are going to immerse ourselves in the tale, features, and the glamour of the Kermit watch.

The History of Rolex Submariner

To comprehend the meaning of the Kermit, we need to appreciate the history of the Submariner. The Rolex Submariner brand was introduced in 1953, and it was one of the first truly waterproof watches made to be used as a diving watch. Its basic DNA, including a strong Oyster case, screw-down crown, rotating bezel to tell the duration of the diving period, and superior legibility, distinguished the diving watches.

The Submariner changed over the decades:

  • 1950s-60s: The date model (Submariner Date) and famous crown guards were introduced.
  • 1970s-80s: Switched to the use of acrylic crystals and eventually sapphire crystals. The reference 16800 changed the quickset date function and deep rating.
  • 1990s-2000s: The model 16610 was the archetype of a contemporary Submariner Date, with a caliber 3135 movement, sapphire crystal, and a stainless steel case with a black bezel insert. Such was the preeminence on which the Kermit was to be erected.
Rolex Submariner 16610LV 40mm Mens Watch
Rolex Kermit

The Birth of the Kermit: Rolex 50th Anniversary Submariner

In 2003, Rolex celebrated the golden jubilee of the Submariner with a special version: Rolex 50th Anniversary Submariner, reference 16610LV. The LV was an abbreviation of Lunette Verte- French meaning Green Bezel. This was a drastic breakaway from the conventional black bezel of the Submariner.

  • The Green Revolution: The most impressive aspect was the bright green aluminum bezel insert. Although Rolex had applied green to the dial in the past (as with the Hulk Submariner subsequently), this was the first instance of a green Submariner bezel. It was daring, unpredictable, and immediately familiar.
  • Limited Edition Status: Rolex does not usually verify its production, but the 16610LV was made at some point (around 2003-2010) in smaller quantities than the normal black-bezel 16610. Such inherent scarcity created collects or interest at the very beginning.

Early Reception: Response was mixed. To purists, the sign of tradition and the distinct style were charming, and people felt that the green was eye-catching. Nonetheless, its uniqueness soon turned it into the subject of discussion and an item that serious collects ors needed to possess. The nickname of Kermit (meaning the color of the frogs) became a perfect name.

Rolex 16610LV: Technical Specifications

The Kermit had the same DNA as the beloved 16610 with the signature green accent:

  • Reference: 16610LV
  • Case: 40mm Oyster case, which has been made of 904L stainless steel (highly resistant to corrosion) and has a Triplock winding crown, which makes it waterproof.
  • Bezel: Unidirectional rotatable bezel with green anodized aluminum insert with 60-minute graduations and a luminous pearl at the 12 o’clock. (Note: Subsequent models are made of Cerachrom ceramic, such as the Starbucks.)
  • Crystal: Hardened sapphire crystal that is scratchproof and has Cyclops lenses over the date window at 3 o’clock.
  • Dial: Old-fashioned black dial with Chromalight (prolonged blue luminescence) of the hour markers and the hands. The markers are engulfed by white gold.
  • Bracelet: 904L stainless steel Oyster bracelet, Solid, three-piece links, flat, folding Oysterlock safety clasp with the Glidelock extension system to adjust over a wetsuit.
  • Movement: Rolex Caliber 3135, self-winding mechanical movement that has been certified as a Swiss chronometer. Famous because of its accuracy, strength, and reserve of power of about 48 hours.
  • Waterproofness: 300 meters (1,000 feet), and qualifies the Submariner as a professional dive watch.
  • Functions: Unidirectional rotatable elapsed-t.mes bezel, hours, minutes, seconds, date.
Rolex Submariner with Green Bezel
Rolex Submariner with Green Bezel

Kermit vs. Starbucks: Understanding the Difference

One of the most confusing issues, particularly among the newer collects ors, is the distinction between Rolex Kermit and Starbucks. Both are green-bezel Submariner Dates, but they are not the same models:

Rolex Kermit (16610LV):

  • Production Era: 2003 – 2010
  • Bezel Material: Anodized Aluminum (green). Fades and scratches easily, but is appreciated because of its vintage quality.
  • Case Diameter: 40mm
  • Movement: Caliber 3135
  • Lugs: Lugs of narrower type (pre-“Maxi” case).
  • Bracelet: Pre-Glidelock fastener (early) or with Glidelock (later) in the run. Links are slightly thinner.
  • Nickname: Named after the color of the bezel, which is green.

Rolex “Starbucks” (126610LV) :

  • Production Era: 2020 – Present
  • Bezel Material: Cerachrom Ceramic (green). Practically impeccable, colorless, and very tough.
  • Dial Size: 41mm (Rolex made it larger)
  • Movement: Caliber 3235 (newer generation with better power reserve of approximately 70 hours, Chronergy escapement).
  • Lugs: Wider, “Maxi” case and wider shoulders.
  • Bracelet: Bigger, heavier Oyster bracelet with extension system, Glidelock, and redesigned Oysterlock clasp.
  • Nickname: The green bezel and the black dial are the source of inspiration, meaning the colors of the Starbucks coffee chain logos .

In essence: the Kermit is the traditional anniversary model (40mm, aluminum bezel, 3135 movement), whereas the Starbucks is the contemporary one (41mm, ceramic bezel, 3235 movement). Kermit has become an old collects or’s item; Starbucks is the latest model of production.

Production Numbers and Rarity

Rolex is notoriously secretive about precise production numbers. But we can make good guesses:

  • How does Rolex produce Submariners per annum? Rolex does not specify the production per model per year, but industry estimates have put the overall Rolex manufacturing at approximately 1 million watches annually. One of their most successful lines is the Submariner (with all its forms), yet another one was the Kermit (16610LV), an anniversary that was made in only some 7 years in a limited edition. It is estimated that little more than 100,000 Kermit watches were ever made, probably not much less. This relative rarity against any typical black-bezel 16610 or the models currently in production is a significant contributor to its price.

Kermit Rarity: Things that make it collects ible:

  • Limited Production Run: The only ones made were during the period of 2003-2010.
  • Anniversary Significance: Honors 50 Years of a legend.
  • Exclusive Design: The original green bezel Submariner.
  • Transition Model: Marks the last stage of the aluminum bezel of the Submariner Date.
  • Rising Demand: The Kermit is getting more and more demanded as vintage Rolex gains momentum.

The Kermit in Today’s Market

The Kermit of Rolex has ceased to be a new model and has become a very coveted vintage item with high investment capability.

  • Current Market Value: The prices have soared. Its retail price then was approximately 4,000-5,000 dollars, but nowadays, in the pre-owned market, its value is always between 15,000 and 25,000+ dollars, based on its condition, box and papers (B&P), and even according to its year of production. Full sets and mints are priced high.
  • Investment Potential: The Kermit has appreciated well in the last 10 years. Its Rolex prestige, history, unique design, and scarcity in itself make it a strong asset in the vintage Rolex market. Although prior performance does not ensure future performance, its trend indicates that it has more demand.

Authentication Tip: Since it is a valuable item, it is counterfeited. Key things to verify:

  • Serial Number: Check between the lugs at 6 o’clock (check if it matches the papers, should they be present). Look up the serial of 16610LV (usually 2003-2010).
  • Bezel: Carefully look at the green aluminum insert. Search for a proper font, depth of carving, and the glowing pearl. Authentic images tend to fade; excessive green can be a warning.
  • Movement: Be sure the Caliber 3135 movement is not damaged; be sure the Caliber 3135 case has not been opened by a trusted watchmaker to confirm the movement and marking inscriptions.
  • Dial/ Hands: Look at proper markers, hands, and lume color/aging. Re-dials are common fakes.
  • Papers & Box: Original warranty card (serial-matching) and box are essential factors that add value and guarantee authenticity.

Buyer Recommendation: Purchase through trusted dealers who deal in old Rolex. Always demand to see high-resolution photos. Full-set, excellent condition examples will command a high price. Being patient is the key to making the right watch at the right price.

The Legacy of the Kermit Watch

The influence of Rolex Kermit is much more than its manufacturing cycle.

  • Design Influence: The Kermit introduced the Typeface to the Boldness of color at Rolex. Its popularity was what led to the development of subsequent green-dialed and green-bezel watches, such as the so-called Hulk Submariner (116610LV) and the modern-day Starbucks (126610LV). It was demonstrated that collects ors accepted color changes on classic models.
  • Pop Culture / Celebrity Appeal: The Kermit has been seen on the wrists of many celebrities and watch lovers, and this has only added to its cool appeal. Its unique appearance renders it immediately identifiable in the movies, music videos, and social networks.
  • t.mes less collects or Grail: The Kermit is almost 20 years old, and it is still one of the most demanded modern vintage Rolex sports watches. collects ors have loved it because it has the ideal combination of the traditional Submariner substrata with a distinct, festive pocket. It is a particular point in the Rolex history – a nod to the future with respect to the past.
  • Symbol of Transition: It signifies the closure of an age with the aluminum bezel Submariner Date and the initiation of Rolex in experimenting with the use of bright colors on its core sports brands, a style that remains vigorous nowadays.

Conclusion

Rolex Kermit Submariner (16610LV) is more than a green bezel Submariner. It is a historically significant watch, which was conceived to mark half a century of diving perfection. Its radical design style was the first bezel to be green on a Sub, which went against tradition and captured the imagination of collects ors, giving it the legendary nickname. Being a limited edition anniversary model that was made as the aluminum and ceramic bezels changed hands, its inherent rarity cannot be denied.

The Kermit is such a coveted vintage item today, and it has a huge market value and proves to be an excellent investment prospect. Its legacy is safe: it not only inspired future Rolex design, but it was a pop culture icon, and it is an inseparable part of any serious Rolex sports watch repertoire. To those looking to have an iconic piece of Submariner history, which still offers the iconic styling, but has a character of its own, and still has the long-lasting appeal, the Kermit watch is not just a t.mes piece; it is a living chapter in the continuing legend of the Rolex Submariner. It occupies in horological history a unique and feted position just like the green bezel.

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