After decades of quality watchmaking, the brand Rolex has become synonymous with high-quality craftsmanship. This seems to continue to be true with the brand’s newest piece—the 2016 Rolex Cosmograph Daytona.

Rolex has been offering sneak peeks of the new watch through social media, and it appears that the stainless steel watch will feature a scratch-resistent Cerachrom bezel. With vintage style inspiration, the watch features a unique font for the bezel that’s usually reserved for precious metal models.

The new Cosmograph Daytona sports a 40mm, 904L stainless-steel case and a traditional white lacquered dial with colored sub dials. It’s powered by a Calibre 4130 Manufacture Rolex Mechanical chronograph movement with a vertical clutch Bidirectional self-winding via Perpetual rotor on ball bearing.

The steel Rolex Cosmograph Daytona is priced at around $12,163.