2025 Rolex Two-Tone Explorer I (Ref. 124273) W/ Full Set

The Rolex Explorer I has long embodied the ideal balance of refinement and capability—a classic 36mm Oyster case paired with a rugged, purpose-built spirit. Free from crown guards and rotating bezels, the Explorer maintains a clean, streamlined profile while still signaling its tool-watch lineage through its dial: Mercedes hands, bold luminous indices, the iconic 3-6-9 Arabic numerals, and the Submariner-style triangle at 12 o’clock all contribute to superb legibility in any environment.

The two-tone Explorer I ref. 124273 remains one of the most surprising—and polarizing—modern releases from The Crown. Many collectors questioned its very existence, while others immediately embraced its unexpected blend of steel and yellow gold. Regardless of where you land, it’s difficult to deny that this so-called “watch nobody asked for” is strikingly handsome in person. Warm, versatile, and unmistakably distinctive, the two-tone Explorer turns a historically understated design into a conversation piece without compromising the character that has made the Explorer a legend.