The present watch is aptly named "Rainbow" due to its beautiful and impressive bezel, which is set with gemstones that graduate in hue to mimic the color spectrum. The tones range from a vibrant and intense deep red, and slowly morph to mauve, orange, chartreuse, green, blue and finally deep purple. The bezel's beauty stems from the well-matched, pure and bright colored gemstones. The colors blend together seamlessly, attesting to Rolex's technical superiority and eye for color. The lugs are furthermore set with diamonds, to enhance the colorful nature of the watch.

At the time of production, it was incredibly time consuming and expensive to produce the Rainbow Daytona. To find such well-matched and beautiful stones is no easy feat, and it was difficult for Rolex to obtain stones that fulfilled their rigorous standards in quality. As a result, very few Rainbow Daytonas were produced and the model is now discontinued.

Preserved in excellent and like-new condition, the present watch is accompanied by its original guarantee and is offered at auction by the original owner. Its a rare opportunity to acquire one of the rarest and most sought-after Daytonas in modern production.