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In recent years, the perception of diamond-encrusted Rolex watches has shifted dramatically. Once regarded as aftermarket modifications that voided warranties, gem-set Rolexes have now become a celebrated aspect of the brand's offerings, contributing positively to its bottom line. Among these, the replica Rolex Daytona Rainbow, particularly the Ref. 116595RBOW, stands out. Introduction to the Rolex Daytona Rainbow When the dazzling, gem-adorned Daytona Rainbow was introduced in 2012, initial reactions ranged from skepticism to disdain, with some likening it to the notoriously flamboyant "Eye of the Tiger" Daytona Ref. 116588TBR. However, while the latter remains controversial, the Rainbow has emerged as one of the most sought-after Daytonas, representing a significant investment for those willing to spend six figures on a watch that originally retailed for $15,000 - a price that comes with a reported 15-year waiting list. Rolex's Commitment to the Rainbow Daytona Rolex's approach to the Rainbow Daytona has been somewhat inconsistent. Following its 2012 debut, the model was available for only a few years before disappearing, then reappearing in 2022, discontinued again in 2023, and then returning once more in 2025. While the white gold variant struggled to gain traction, the yellow gold and Everose editions, particularly the Everose launched in 2018, have proven immensely popular. The Soaring Value of the Rainbow Daytona The Everose model initially retailed for around $97,500, while yellow and white gold versions were priced at approximately $90,000. Today, these watches start at over $400,000 on the secondary market, with the ultra-exclusive diamond pav�� dial Everose version fetching prices that can double that amount, making it the priciest modern regular-production factory Daytona available. While replicas exist, genuine Rolex watches are easily identifiable due to their use of only IF (Internally Flawless) quality stones, ensuring their authenticity. The Craftsmanship Behind the Rainbow Daytona The replica Rolex Rainbow Daytona's bezel features a stunning array of 36 baguette-cut sapphires, complemented by 56 diamonds set into the case and 11 additional sapphires as hour markers. Rolex employs approximately 20 skilled gem-setters who perform this delicate work to the brand's exceptionally high standards. Remarkably, despite the extensive ornamentation, the replica watch remains waterproof up to 100 meters (330 feet), though it's unlikely that many will risk submerging such a luxurious piece. A Unique Prototype: The First Rainbow Daytona at Auction Notably, the very first Rainbow Daytona, crafted as a one-off for a wealthy client in the Middle East around 1993 or 1994, is set to be auctioned this November with a staggering pre-sale estimate of $3.5 million. This prototype, more understated than the production model, features a pav�� diamond dial with blue sapphire hour markers and the signature bezel. Interestingly, it comes on a somewhat unconventional leather strap. While the Rainbow Daytona may be seen as an unusual creation, its significance as a piece of Rolex history cannot be overstated.