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Oyster Perpetual · 2020 to present

Rolex Oyster Perpetual 31 277200

“OP31”

Grade B · 70/100Today's call: Value buy

B: solid, selective. Ranked #91 of 129 references in The Crown Index vault.

The money

Original retail (2026)$5,900
Market today$6,200 – $7,000
Vs original retail+12%
1-year trend+2%

The story

The cheapest ticket into the midsize trend, and the discontinued 2020 color dials carry the same premiums as their bigger siblings.

Candy pink and yellow 31s are quietly the strongest performers in the OP color family.

The OP31 inherited the color-dial moment in the Goldilocks middle size, and its discontinued bright dials (coral, yellow, turquoise-adjacent hues in some markets) carry the same scarcity logic as the famous 36 and 41 colors at smaller money.

As the OP line's post-2020 fame matures, the 31 is where late arrivals find bright-dial OPs they can still afford. Standard dials trade near retail; colors are the lottery tickets.

Our verdict: Entry-level with a color kicker. Standard dials are safe; discontinued colors are the upside.

Configurations

Sizes31mm
Case & bracelet materialOystersteel (stainless)
Factory braceletOyster
Factory bezelsSmooth steel
Notable dialsSilver; Black; Discontinued colors: yellow, coral, candy pink (premium)
Caliber2232
Production2020 to present

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If you like this one

OP41 Colors · BOP36 Tiffany · BOP26 · BOP39 · B