It also looks to be pretty high-end. The crown has three dots, signifying a Triplock crown, and the center dot is larger than the outer ones, which means this is a white gold case.
The combination of a precious metal with a dive bezel and a chronograph complication has most of the internet convinced that this watch marks the return of the Yacht-Master II.
Unceremoniously discontinued in 2024, the Yacht-Master II is famously maligned. I’d be surprised if Rolex brought it back, especially so soon after abandoning it. What’s more, the YMII did not previously have a dive-time bezel. It featured a unique Ring Command bezel marked from 1 – 10 that could be used to program a countdown timer for regatta races, making it one of The Crown’s most innovative and complicated watches.
If this is a new Yacht-Master II, it will mark a major departure from the previous version. However, Rolex is heavily investing in SailGP as its official timekeeper, so the watch’s return would make sense for the brand.
Still, I’m thinking it could be a new model, which would be a surprise given that Rolex has launched entirely new model families at two of the past three watches with the 1908 and Land-Dweller, so maybe the brand got tired of the accusations that they’re boring and predictable.