Rolex Oyster Perpetual 5048

The Rolex Oyster Perpetual reference 5048 is an extremely rare “Bubble Back” model from the late 1940s, representing a unique combination of Rolex’s design elements. Produced around 1948, its historical significance stems from its distinctive two-tone construction and its unusual case architecture. The watch features a stainless steel case, elegantly contrasted with an 18k pink gold engine-turned bezel and a matching pink gold screw-down crown. Adding to its rarity is the “hooded lug” design, where integrated shrouds cover the ends of the lugs, creating a seamless look. This combination of a two-tone “Rolesor” finish, a detailed engine-turned bezel, and the rare hooded lugs on a classic 32mm “Bubble Back” case makes the 5048 a highly coveted model for advanced collectors of rare and unusual Rolex designs.