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Rolex Oyster Perpetual 31 — 277200

Rolex

Oyster Perpetual 31

277200

The 31mm Oyster Perpetual distilled to its purest, most versatile form.

Estimated market value
$5,700
Confidence: Moderate

An estimate from current market data — not an offer. Your actual value depends on condition, completeness, and authentication.

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Estimated value by dial
Blue$5,700
Black$5,700
Silver$5,700
Candy pink$8,000

Overview

The Rolex Oyster Perpetual 31 reference 277200 represents the mid-size expression of Rolex's foundational collection, pairing a 31mm Oystersteel case with the brand's hallmark no-date, three-hand configuration. Introduced in 2020, it carries forward the Oyster Perpetual line's long-standing role as the clearest statement of Rolex's core watchmaking philosophy — robust, self-winding, and unadorned. Its broad palette of dial options has made it a reference point for collectors interested in color as a primary design variable.

History

The Oyster Perpetual line traces its roots to Rolex's earliest waterproof and self-winding achievements, making it the marque's most historically continuous collection. The 31mm size has long occupied a practical middle ground, appealing to wearers who find the smaller 28mm too restrained and the larger 36mm too substantial. Reference 277200 was unveiled as part of a broader 2020 refresh of the Oyster Perpetual family, which attracted significant collector attention for its vivid, fashion-forward dial colors. Some of those early candy-toned dials were subsequently discontinued, lending them a degree of retrospective desirability among enthusiasts.

Notable points

  • Powered by Calibre 2232, a self-winding movement featuring a Syloxi silicon hairspring and Rolex's Perpetual rotor, offering enhanced precision and resistance to magnetic interference.
  • The 31mm Oystersteel case carries Rolex's Oyster designation, meaning it meets the brand's standards for waterproofness via a screw-down crown and caseback.
  • Dial variety is a defining characteristic of the reference: options have spanned black, silver, blue, and pink, with certain vivid 'candy' colorways offered only briefly before being retired.
  • As the entry point to the Oyster Perpetual collection in the 31mm size, the 277200 carries no date complication, keeping the dial architecture clean and symmetrical.
  • The discontinuation of select dial colors shortly after the 2020 launch created an early secondary-market narrative unusual for a core, non-limited Rolex reference.

Specifications

Brand
Rolex
Collection
Oyster Perpetual
Reference
277200
Years of production
2020 – present
Case
31mm Oystersteel
Case material
Oystersteel
Case diameter
31 mm
Movement
Cal. 2232
Crystal
Sapphire
Dial
Various (black, silver, blue, pink; discontinued candy colors)
Bezel
Smooth, polished steel
Bracelet / strap
Oyster bracelet, Oystersteel
Water resistance
100 m
Power reserve
55 h
Type
Sport
Worn as
Unisex
Also known as
オイスターパーペチュアル, 蚝式恒动

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