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Rolex Oyster Perpetual 31
Ref. 177200
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Stepping up in Rolex's range
The Oyster Perpetual sits at the centre of what Rolex does: a clean, unadorned case, a self-winding movement, and nothing superfluous. The 177200 is the 31mm expression of that idea, sized to wear close to the wrist without disappearing, and produced in a range of dial colours — the blue here among the more striking — that gave buyers genuine choice within a deliberately restrained design language. It ran in production until around 2020 and sold steadily throughout because it made no compromises in the things that matter to daily wear. The calibre 2231 inside carries chronometer certification, which at 28,800 vibrations per hour means it is held to accuracy standards most movements in this category never attempt. At 10.5mm thick the watch slides under a cuff without protest, and the Oystersteel bracelet — Rolex's 904L alloy, noticeably more resistant to surface scratching than standard steel — holds its polish through the kind of use an everyday watch actually sees.
- Reference
- 177200
- Brand
- Rolex
- Collection
- Oyster Perpetual
- Case size
- 31mm
- Case thickness
- 10.5mm
- Lug width
- 16mm
- Case material
- Stainless steel
- Case shape
- Round
- Dial
- Blue
- Crystal
- Sapphire
- Movement
- Automatic
- Calibre
- 2231
- Water resistance
- 100m
- Bracelet / strap
- Stainless steel bracelet
- Strap colour
- Silver
- Clasp
- Folding clasp
- Lume
- Luminous
- Condition
- Pre-owned
- Retailer
- Goldsmiths
Additional specifications
- Power reserve
- 48 hours
Learn more about Rolex
Hans Wilsdorf founded Wilsdorf & Davis in London in 1905 with his brother-in-law Alfred Davis, importing Swiss movements and casing them in England. He registered the name Rolex in 1908 — short, pronounceable in any language, and easy to fit on a dial.
Wilsdorf's conviction was that the wristwatch, then regarded as a woman's ornament and hopelessly fragile, could be made accurate and durable. He proved the first half in 1910 by obtaining the first chronometer certification for a wristwatch, and the second in 1926 with the Oyster case, sealed by a screw-down crown and caseback. Mercedes Gleitze swam the Channel wearing one in 1927, and Wilsdorf bought the front page of the Daily Mail to say so — arguably the first modern watch marketing campaign.
The Perpetual rotor followed in 1931, giving automatic winding in a form the whole industry eventually copied. The company relocated to Geneva during the First World War to escape British wartime duties.
The professional models arrived in a compressed burst in the 1950s: Submariner, Explorer, GMT-Master, Milgauss, and later the Daytona. Each was built for a specific job — diving, exploration, aviation, laboratory work, racing — and each became a design template.
Wilsdorf left his shares to a private foundation on his death, so Rolex answers to no shareholders. It remains the largest producer of certified chronometers in Switzerland by a wide margin.
- 1905
- Hans Wilsdorf founds Wilsdorf & Davis in London.
- 1908
- The Rolex name is registered.
- 1926
- The Oyster case introduces genuine water resistance.
- 1931
- The Perpetual rotor brings modern automatic winding.
- 1953
- The Submariner and Explorer launch.
- 1963
- The Cosmograph Daytona arrives.
Also in 7 collections
This watch appears in the Rolex Oyster Perpetual range (11), Back in Stock (4,528), Stainless Steel Watches (3,001), Automatic Watches (1,693), Watches Under 37mm (1,579), Women's Watches (1,503) and Blue Dial Watches (822).
2-year Goldsmiths warranty
What the specifications mean
A mechanical watch for everyday wear.
Strengths
- 100m water resistance covers swimming and watersports
- 31mm wears small and slips under any cuff
- Sapphire crystal, which resists scratching
- Luminous hands and markers for low light
- Sits in the lower half of Rolex's range as we list it
Price history
This watch is currently at its lowest recorded price. It reached £7,250 on 7 September. Prices are checked every day, and we record any changes.
Rolex Oyster Perpetual 31 alternatives
Watches from other brands at a similar price, style and size, so you can see what else your budget can buy.
| Specification | 177200 | 53020-0003 | WAR2453.BD0777 |
|---|---|---|---|
| Price | £5,355 | £3,950 | £3,950 |
| Case size | 31mm | 31mm | 28mm |
| Water resistance | 100m | 100m | 100m |
| Movement | Automatic | Automatic | Automatic |
| Strap | Stainless steel bracelet | Stainless steel bracelet | Stainless steel bracelet |
| Power reserve | 48 hours | 38 hours | 40 hours |
| This watch |
|
|
Your new watch
Frequently asked questions, and things you should know about this watch
Can I swim with it?
Yes. At 100m it is rated for swimming and snorkelling, though not for diving.
Water resistance explainedWill the glass scratch?
Unlikely. Sapphire is second only to diamond in hardness and shrugs off everyday marking.
Sapphire, mineral and acrylic comparedDoes it need a battery?
No. It is automatic — the motion of your wrist winds it, and there is no cell to replace.
Quartz, automatic and solar comparedHow long does it run for when it's not worn?
About 48 hours fully wound — enough to survive a night off the wrist, but not a full weekend.
What size strap does it take?
16mm. Any strap of that width will fit, and on most modern watches quick-release bars make the swap a two-minute job with no tools.
Is it a men's or women's watch?
Listed as women's.
Cheapest place to buy
Goldsmiths at £5,355 is the cheapest of 3 UK retailers, against £7,250 at the dearest — a difference of £1,895.
Has the price changed recently?
It's currently at its lowest recorded price since we began tracking it. It's ranged between £5,355 and £7,250, today it's £5,355.
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