Nothing on this watch is a color. Reference 278341RBR is the 31mm Datejust in a combination of stainless steel and Everose gold with a domed bezel set with diamonds, and this configuration carries a rose dial with diamond markers in gold settings and no numerals, on the Jubilee bracelet. Everose is a metal, steel is a metal, and a diamond is colorless. The dial is a lacquer pitched to match the Everose rather than a hue chosen for its own sake, and the settings holding the marker stones are that same alloy again. Add it up and the watch is three materials with no fourth tone anywhere on it, which is unusual at any size and close to unheard of on a watch specified this fully.
Three materials, and one of them is doing the work of a color. The rose ground is an opaque lacquer applied in thin coats so it stays even across the curve, and its entire purpose is to sit at the same tone as the metal around it, which means it functions as an extension of the case rather than as a dial with a color of its own. That leaves the watch reading as warm metal, cool metal and colorless stone, and every visual difference on it is a difference of finish or of scale rather than of hue. The Jubilee is where the two metals meet most often. Its five-piece links run roughly twice the component count of the Oyster across the same width, with polished Everose rows down the middle and brushed steel to either side, so the wrist alternates warm and cool at a fine interval and averages into a single tone at any distance. The bezel is a dome rather than a flat ring, its stones set at continuously varying angles so only an arc is lit at any moment. The marker settings are solid Everose kept low and tight against the dial and recede into it almost entirely. Everose is alloyed with platinum so its color holds rather than drifting toward yellow over decades, and every gold element on the watch is solid rather than plated or capped.
The mechanism is a single function and it is the reason the model has a name. The date advances in an instant at midnight instead of drifting through the hours on either side, which is what the Datejust introduced in 1945. Its disc is matched to the rose ground so the aperture does not open a pale gap in a warm surface, and on a watch with no hue anywhere the printed numeral inside that window is the only genuinely dark mark on it, stones included, since a diamond is bright rather than dark and brightness is not what is scarce here. The frame is proportioned for a 31mm dial rather than scaled down from a wider one, so it stays clear of the markers at its shoulders, and the Cyclops lens above it, fitted to the model since 1953, enlarges the numeral roughly two and a half times. Setting the date runs through the winding crown at its own position and leaves the hands untouched. The movement is self-winding with a power reserve of approximately 55 hours, designed for this case width rather than borrowed from a larger one, since a narrower barrel stores less and a lighter rotor gathers less from the same motion. The crown screws down and the Jubilee closes on a concealed clasp folded into the links.
The Jubilee was introduced with the Datejust in 1945 and built for it, which is why the pairing reads as original rather than as a choice made afterward. The model was the first self-winding wristwatch to display the date through a window and has been made without interruption since. The 31mm case falls between the 28mm Lady-Datejust and the 36mm original, and the 278000 generation replaced the 178000 series in 2018 with a revised case and bracelet. Rolex registered the name for its steel and gold construction in 1933, on the reasoning that steel does the structural work and gold does the visible work. Everose arrived in 2005 and the matched dials were developed against it rather than the other way round. Within the generation, 278341RBR is the steel and Everose reference with a diamond-set domed bezel, and this configuration is as far as the matched dial goes anywhere on it, with a full ring of set markers, the busier bracelet and a set case. There is nothing above it short of setting the bracelet as well, which this reference does not offer, and buyers who want that have to move to a different model entirely. The reference carries fourteen set rows of twenty-two.
This is the fullest specification on the reference and it does not look like it, which is the entire point of choosing it. A watch with a diamond bezel and a gem-set dial would normally read as a jewelry piece, and this one does not, because there is no color anywhere for the decoration to sit against and the whole object resolves into a single warm tone at any distance. Up close it separates into a great deal of detail. That gap between what it is and what it looks like is what buyers describe when they explain why they chose it. The Jubilee is the element to try against the Oyster before deciding, since three broad links under the same dial and bezel produce something calmer and slightly more formal. Buyers arrive from the Oyster version wanting the wrist to soften, and from the contrasting dials having decided a set bezel over a bright dial was more watch than they wanted to wear daily. It is also the version that changes least from one season to the next, since there is no color on it to look wrong against anything worn beside it.