Datejust 31
The Datejust 31 is the 31mm middle child of the Datejust family, sized between the 28mm Lady-Datejust and the 36mm and 41mm men's versions. Collectors and dealers have called it the midsize for decades, and for a long time it lived under reference numbers like 68240 and 78240 before Rolex folded it under the Datejust 31 name with the 178xxx and then the current 278xxx generation. We buy and sell these every week on 47th Street. It is the watch a lot of people actually reach for: big enough to read at arm's length, small enough to disappear under a cuff, and offered in more dial and bezel combinations than almost anything else Rolex makes. The current steel reference 278240 carries a smooth domed bezel and starts at $7,700 at retail, and the fluted white gold bezel version 278274 sits above it. Diamond-set and precious metal builds run well into five figures. If you want one reference that shows the full range of what Rolex does, from a plain steel workhorse to a diamond-paved gold dress piece, this is it.
Available at Ultimate Diamond
3 pieces in our collection right now.
Specifications
History
Iconic References
Buying Guide
Pricing & Market Data
Cultural Significance
Collector's Lore
The midsize Datejust spent years as the overlooked size, cheaper than the 36 and passed over by collectors chasing sport models, which is exactly why clean vintage 68240 and 68274 pieces with honest tritium dials became a quiet value hunt. When Rolex reorganized the range under the Datejust 31 name and gave the 278xxx generation the caliber 2236, the same movement generation used across the smaller modern Datejusts, the midsize stopped being an afterthought and became a deliberate choice. The detail dealers watch for is the dial: the Palm and Floral motif dials on recent 278xxx references, and the wide run of mother-of-pearl and diamond dials, mean two watches with the same reference number can be very different pieces, so on the Datejust 31 the dial matters as much as the reference. It is one of the few Rolex lines where a plain steel example and a diamond-paved gold example share a name and a case size but almost nothing else in feel or price.
Reference Guides
Deep dives on the specific Datejust 31 references, with current market value and buying notes.
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