This is the Royal Oak Offshore Diver built in precious metal rather than steel, which changes what the reference is for. The Diver exists in the collection as the Offshore that can be treated roughly, and the entire design follows from that, from the internal rotating bezel to the rubber strap. Executing it with a white gold case and a ceramic bezel takes a watch designed around durability and rebuilds it as something to be handled carefully, and the tension between those two ideas is the most interesting thing about the reference. The dial is black with the Mega Tapisserie pattern and rose gold applied hour markers, the rotating inner bezel is black with its scale from sixty to fifteen minutes picked out in beige, and the watch is supplied on a black rubber strap with a beige calfskin strap in addition. It is no longer part of the current collection.
The case is 42 mm in white gold, the same dimension the Diver is built at in steel, and the metal is doing something subtle. White gold reads as steel to anyone not examining it, so from a distance this is an ordinary Diver, and it declares itself only through weight and through the way the surfaces take light. The bezel is ceramic, which is a genuinely different proposition from a metal one. Ceramic holds its finish indefinitely because it does not scratch in normal use, and against a white gold case it introduces a second surface character, harder and more matte than the metal around it. The dial is black with the Mega Tapisserie pattern, the coarsest of the tapisserie grids, cut deep enough that each square throws a shadow. On black that texture is the only thing preventing the dial from reading as a void, and it is what gives the reference its depth under light. The applied hour markers are rose gold rather than white, which is the decision that gives the watch its character. Warm metal on a black dial in a white gold case sets up a deliberate contrast, and it means the only visible gold on the watch is the gold that is not the case. The inner bezel is black with a beige zone from sixty to fifteen minutes, and beige rather than white is what ties the dial back to the second strap. The black rubber strap fastens with a white gold pin buckle on an interchangeable system, and the additional strap is beige calfskin.
The functional content is the rotating inner bezel, operated from a second crown rather than by turning the outer bezel. It is a timing device: align the marker with the minute hand when an interval begins and read the elapsed time from the scale, with the first fifteen minutes marked out because that stretch is the one needed at a glance. Putting the scale inside the crystal is what defines the Diver mechanically. It cannot be knocked out of position by contact, which is how external rotating bezels fail, and it leaves the case silhouette unbroken. The cost is a second crown and a three-step operation rather than a thumb turn. The movement is self-winding, and there is no chronograph, which is correct on a watch that already carries a timing scale and whose dial gains everything from remaining uninterrupted. The interchangeable strap system is the other functional element, and on a reference supplied with rubber and calfskin it is not a minor one, since the two straps put the watch in completely different registers.
Within the Royal Oak Offshore the Diver has run continuously since its introduction as the collection's water reference, and the overwhelming majority of its production has been in steel. The precious metal versions are the exceptions and they are made in far smaller numbers, because the buyer for a gold diving watch is a much narrower population than the buyer for a steel one. That places this reference alongside the Offshore chronographs in white and rose gold rather than alongside the steel Divers it shares a case design with. The other axis the Diver has been developed on is colour, and the steel references have moved into a range of saturated colours applied across dial, inner bezel and strap. This one goes the other way entirely, using black with beige accents, which is the most conservative treatment the reference has been given and the one that suits a precious metal case best. A white gold Diver in turquoise would have been a different and considerably louder watch. There is a further point about the ceramic bezel that the specification does not make obvious. Ceramic and white gold wear at completely different rates, so across a long ownership the bezel stays as it left the factory while the case around it acquires the marks gold always acquires. On a steel Diver everything ages together. Here the watch develops a visible difference between its two surfaces over time, which some owners read as a flaw and others as the honest record of a watch that has actually been worn.
This reference is for a collector who wants the Offshore Diver and has no intention of diving, and who wants the version of it that rewards close attention rather than the one that survives abuse. The rose gold markers against the black Mega Tapisserie are the detail that carries the watch, and they are invisible in most photographs and obvious in person. White gold keeps the whole thing discreet in a way a rose gold case would not have, which suits a buyer who has already worked past wanting a watch to be recognised immediately. Now that the reference has left the catalogue the production is closed, and precious metal Divers have never been produced in quantities remotely close to the steel versions. The buyer is someone who wants a sports watch in a metal that contradicts the idea of one, and who finds that contradiction to be the point.