KERMIT Rolex Submariner 50th Anniversary Watch Review

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

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

The main features of the Rolex Submariner 16610LV are the vividly eye-catching green bezel, and the ‘Maxi dial’, which displays a larger hour marker than previous Submariner editions. The unique and distinctive features of the Submariner 50th Anniversary watch are what give 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

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 bracelet, black dial and green bezel that makes up the Kermit watch.

rolex submariner kermit

Kermit Rolex – Rolex Green Submariner 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 watch 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 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 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. All the watches from later productions use a four that makes a point on the inside of the 4.

As mentioned above, there are many other slight variations like this and it’s more of an artificial factor. It’s something that Rolex collectors like to discuss. And even though the Flat 4 is more sought after, it shouldn’t affect the price. However, people do purchase and sell the first version for thousands of dollars (sometimes even double the price) more than other versions. But again, we, and the majority of collectors would say its ridiculous to pay more. The most important factor for the price should be the condition of the Rolex, not the variations.

Submariner LV “Kermit Rolex” 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

How does Kermit MOVE – 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 Submariner 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, the Kermit is one that no one regrets. The 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 Sub 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 Kermit” 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 Submariner 50th Anniversary Price

When the Kermit Sub was still in production, it went for around 5k USD. Now, a Rolex Kermit pre owned watch with original box and papers will have sticker prices of around 25k USD. Diamonds by Raymond Lee has the Rolex Kermit Price just right for our customers.


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 FTW

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.

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. And, the Rolex Submariner 50th Anniversary 16610LV is one of the Submariner watches on top of the list.

rolex hulk vs kermit

Diamonds by Raymond Lee is now selling the Kermit 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 this Rolex Green Submariner Kermit watch?

Buy Kermit Rolex Submariner 50th Anniversary Watch Now.

If you’d like to stay updated on the latest and greatest luxury watches that Diamonds by Raymond Lee has to offer, please fill out the contact form below. We will be sure to email you with only the most important updates. Such as new, limited edition watches in stock and other featured articles like this one.

Leave a Comment

Florida Jewelry | Luxury Watches | Raymond Lee Jewelers

Implications of non-payment: There are no financial implications. If no payment is made the loan simply defaults. Collection practices include sending a text message or email reminding the client payment is due. There is no impact to a client's credit score for late or non-payment. Loans are renewed when an interest payment is made. Maximum APR; 36%. There are no additional fees or penalties when renewing a loan. No loans offered are under 60 days. Early prepayment options that are available are not associated with any fees or cost. The loan is not required to be repaid within 60 days. The minimum repayment period is 61 days and maximum is 10 years. An example of a loan is: borrower takes $100, repays $106 in 90 days. Loan is fulfilled.

Wishlist 0
Continue Shopping