The Rolex Yacht-Master is a sport watch made by Rolex, first introduced in 1992 with the model 16628 in 18-carat yellow gold. In 1994, Rolex released a lady's model (69628) and a mid-size man's model (68628), which was the first time Rolex had ever issued a smaller professional size watch. In 1996, Rolex introduced two-tone (stainless steel and 18-carat yellow gold) to the lady's and mid-size line.
In 1997, Rolex released the Yacht-Master in Rolesium, a term patented by Rolex in 1932 which gives the Yacht-Master a stainless steel and platinum construction; the bezel and dial are platinum, while the case, band, crown, etc. are stainless steel. This model is also known as the Platinum Yacht-Master.
In 1999, Rolex discontinued the two-tone model 68623, replacing it with the two-tone model 168623 in 2000. The difference between the two models are in the upgraded movement in the 168623, and the heavier 18-carat gold links (the links in the 68623 are hollow).
In 2007, the brand released the Rolex Yacht-Master II regatta chronograph watch, the world's first watch equipped with a programmable countdown from 1 to 10 minutes with a mechanical memory. 
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- Rolex Sea Dweller
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- The Rolex Report pg. 72 by John E. Brozek