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Why Two-Tone Watches Are Making a Comeback

Two-tone watches once defined 80s excess. Today, Rolex, Cartier, and Audemars Piguet demonstrate that the mix of steel and gold remains timelessly stylish.

By

Team Bezel

September 25, 2025

/

7 min read

Two-tone watches have always carried a certain reputation. For some, they bring to mind the bold styling of the 1980s, when steel and gold bracelets became synonymous with flash. For others, they represent one of the most balanced expressions in watchmaking: steel for durability, gold for presence. That mix has never been neutral, and that’s part of its appeal.

Today, collectors are beginning to look at two-tone with fresh eyes. What once felt dated now reads as deliberate, even stylish. It is a choice that signals confidence, a willingness to embrace contrast rather than shy away from it. Two-tone is once again part of the larger collecting conversation, not as a novelty but as a serious design language that carries history, versatility, and personality.

Rolex Datejust 41 “Wimbledon” Ref. 126333-0020

The Datejust has always been Rolex’s playground for material combinations, and the two-tone “Wimbledon” has become one of the most recognizable. The green-outlined Roman numerals against a champagne dial give it a look that is both traditional and playful, while the steel and gold Oyster case and bracelet ground it in everyday wear.

For collectors, this reference shows how Rolex uses two-tone to expand a classic. A steel Datejust is discreet and reliable. Add gold, and it shifts into a different register, still wearable day to day but with a celebratory edge. The “Wimbledon” has become shorthand for that balance, a watch you can justify as practical yet enjoy as something special.

Cartier Santos de Cartier Skeleton Ref. WHSA0019

Cartier takes a different approach, treating two-tone as part of its design vocabulary rather than as decoration. In the Santos Skeleton, steel and rose gold frame the open-worked movement, drawing the eye to the Roman numerals formed by its bridges. The effect is architectural, turning negative space into the centerpiece.

What makes this watch compelling is how two-tone amplifies the drama of the skeletonized dial. Rather than blending in, the metals sharpen the contrast and make the structure legible. For a collector, it is a statement that watches can be about form as much as function. Among two-tone offerings, the Santos Skeleton feels the most like a piece of wearable art.

Audemars Piguet Royal Oak Selfwinding Ref. 15400SR.OO.1220SR.01

The Royal Oak’s identity has always been tied to steel, so seeing it in two-tone creates a subtle tension. The rose gold bezel and bracelet links add warmth, but the design’s industrial edges remain intact. That contrast between hard geometry and soft tone is exactly what makes this reference interesting.

Collectors who choose it are often looking to bend expectations. It is not the canonical steel Royal Oak, and it's not the full gold statement piece either. It sits somewhere in between, suggesting a willingness to reinterpret a classic rather than follow the script. For those immersed in the collecting world, it reads as a clever twist on one of watchmaking’s most famous designs.

Rolex Submariner Date Ref. 126613LN-0002

Few watches split opinion like the two-tone Submariner. Some view it as a throwback, the ultimate “dad watch.” Others see it as one of the boldest variations on Rolex’s most famous tool watch. The combination of steel and yellow gold with a black dial and bezel gives it an undeniable presence.

Owning one is rarely about discretion. It is about leaning into a design that has been polarizing for decades and wearing it with conviction. The two-tone Sub turns a utilitarian diver into something closer to a personal signature. For collectors, it represents the side of Rolex that is not afraid of personality, even in its most functional models.

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