Rolex Datejust 31 278278 'Ladies' Yellow Gold Malachite Diamond Dial (2021)

The Rolex Datejust 31 reference 278278 is one of the most coveted configurations in the modern women’s collection, combining the prestige of solid 18k yellow gold with a striking malachite dial. This 31mm model is crafted entirely in gold and fitted with the signature President bracelet, known for its semi-circular links and hidden Crownclasp—design cues traditionally reserved for Rolex’s most elevated offerings. The result is a watch that bridges classic Datejust proportions with unmistakably high-end materials and finish.

Its standout feature is the malachite dial, a vivid green gemstone with natural banding that ensures every piece has a unique organic texture. Rolex enhances the stone’s depth by setting brilliant-cut diamonds into gold Roman numeral settings, including a fully gem-set VI at 6 o’clock—a signature flourish reserved for the most exclusive stone dials. Malachite’s rarity in the Rolex catalog, especially when paired with the President bracelet, significantly boosts this watch’s desirability on the secondary market.

This reference is powered by the updated Caliber 2236, a movement known for its precision and reliability. However, in typical Rolex fashion, the real appeal lies not in what’s inside the case but what’s visible: the lustrous gold, the meticulous polishing of the fluted bezel, and the dial’s vibrant green glow under different lighting conditions. The full-yellow-gold execution paired with malachite makes this a standout in the broader Datejust 31 lineup, even among other gem-set models.

Among collectors, malachite-dial Rolex watches have developed a cult following, especially given their sporadic availability and the fact that Rolex rarely confirms production numbers. As a result, models like the 278278 are often reserved for top clients at authorized dealers and remain tightly held in the secondary market.

For collectors looking for an unmistakably refined and precious ladies’ watch—one that merges high watchmaking with jewelry-level artistry—the 278278 offers a perfect intersection of rarity, opulence, and Rolex prestige.