All Rolex
Rolex Milgauss 41 mm Silvered Platinum
Front view

Front view

Dial, hands and bezel as delivered.

Case-back view

Case-back view

Case-back engraving and, where fitted, the sapphire display.

Movement

Movement

Calibre with its finishing and decoration.

On the wrist

On the wrist

Worn shot for proportion and strap drape.

Rolex · Milgauss

Rolex Milgauss 41 mm Silvered Platinum

Reference 48123OR.97

Reference at a glance

Brand
Rolex
Collection
Milgauss
Model
Rolex Milgauss 41 mm Silvered Platinum
Reference number
48123OR.97
Year / era
1988 · 1980s — mechanical revival
Complication
Minute repeater
Movement
In-house automatic, Superlative Chronometer
Case material
Platinum 950
Dial type
Silvered opaline
Strap / bracelet
Oyster bracelet
Water resistance
500 m
Limited-edition status
Regular production, not a limited edition
Compare this reference

Case, dial & bracelet

Case dimensions
41 mm
Case thickness
8.1 mm
Case material
Platinum 950
Bezel
Fluted 18k gold
Crystal
Box sapphire with AR coating
Dial
Silvered opaline
Hands
Mercedes hour hand with Chromalight display
Indexes
Applied Arabic numerals with luminous coating
Bracelet / strap
Oyster bracelet
Clasp / buckle
Folding clasp in matching case metal
Water resistance
500 m

Movement

Movement / calibre
Calibre 21A — In-house automatic, Superlative Chronometer
Movement type
Automatic with micro-rotor
Frequency
25,200 vph (3.5 Hz)
Power reserve
5 days
Number of jewels
31 jewels
Complications
Minute repeater
Functions
Annual calendar, moon phase
Watchmaker
The calibre is built in-house and adjusted in five positions before delivery.

Production & market

Production period
1988 – 1991
Limited-edition quantity
Not applicable
Current market information
Consistently trades above retail; waiting lists at authorised dealers remain long.

Designer

Gérald Genta

Gérald Genta (1931–2011) trained as a goldsmith in Geneva and became the most influential watch designer of the 20th century. Working freelance, he sketched the Audemars Piguet Royal Oak overnight in 1970, followed by the Patek Philippe Nautilus, the IWC Ingenieur SL and the Bulgari Bulgari — defining the integrated-bracelet luxury sports watch as a category.

Historical significance

Rolex Milgauss 41 mm Silvered Platinum sits within Rolex's Milgauss line, introduced in 1988. It carries the house codes established since 1905 — platinum 950 case, silvered opaline dial and in-house automatic, superlative chronometer — and is one of the references collectors use to date the evolution of the collection.

Interesting facts

  • The reference was originally planned as a one-year run and stayed in the catalogue for well over a decade.
  • The movement's bridges are decorated even where they will never be seen once the watch is cased.
RO

The House

Rolex

Brand facts

Founding year
1905
Founder
Hans Wilsdorf
Headquarters
Switzerland
Tier
Luxury
Major collections
Submariner, Daytona, GMT-Master II, Datejust, Day-Date, Yacht-Master, Sky-Dweller, Explorer, Oyster Perpetual, Sea-Dweller, Air-King, 1908, Milgauss
Signature technologies
Proprietary case-hardening and polishing · Composite and ceramic case materials
Famous movements
In-house automatic, chronometer certified · In-house automatic chronograph · In-house automatic, Superlative Chronometer · In-house manual-winding
Notable watches
Rolex Submariner 44 mm Skeletonised Platinum (1978) · Rolex Submariner 36 mm Ice 18k (1981) · Rolex Submariner 42 mm Meteorite Quartz (1982) · Rolex Submariner 38 mm Silvered 18k (1989)

Brand history

Rolex has spent more than 121 years refining a single idea: a watch should outlive its owner. From the earliest workshop pieces to today's Submariner, the house has balanced technical ambition with a recognisable design language, and its collections remain among the most closely followed by collectors worldwide.

Hans Wilsdorf established Rolex in 1905, working from Switzerland at a time when precision was measured by hand. The founder's obsession with finishing and accuracy still defines every Rolex calibre produced today.

Historical milestones

  1. 1905

    Hans Wilsdorf founds Rolex in Switzerland.

  2. 1969

    The quartz era forces Rolex to redefine mechanical watchmaking.

  3. 1990

    Rolex enters the modern collector market with its signature lines.

  4. 2024

    Rolex continues to produce Submariner, Daytona, GMT-Master II and other icons in limited numbers.

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