I hope I am correct in my assumption that this is a yellow gold bezel? Colour isn't great in your pictures. I was told a number of years ago by the then managing director of a Rolex in Canada, that Rolex policy forbade putting a steel Jubilee bracelet on a steel and gold Rolex Oyster Date, or Date-Just! But Rolex in Canada has over many decades, pretty well followed their own rules. As recently as the late 1980s, Rolex Canada DID fit stainless steel Jubilee bracelets to steel and gold watches such as the subject watch, for the Canadian market!
For decades, the Rolex market for most of the world has been supplied with 18-karat bezels, and 18-karat and steel bracelets on watches such as the subject watch. In the late 1980s, I was told by the then Rolex managing director for Canada, that 14-karat bezels and two-tone 14-karat and steel Jubilee bracelets were a concession by Rolex, for some markets such as Canada.
In Canada (and possibly elsewhere), the 1603 came with an engine turned stainless steel bezel, a 14-karat fluted bezel ( I believe that is yours), or 14-karat WHITE gold fluted bezel. After circa 1990, with the introduction of sapphire crystals, these gold bezels were18-karat, as well as 18-karat in the bracelets. And after 1990, Rolex Canada was forbidden to fit steel Jubilee bracelets to any Oyster-Date or Date-Just that had a yellow or white gold bezel.
Now! Might the bracelet on the subject watch be original? It's a 1603 with the acrylic crystal, so it could be original to the watch. The bezel shows very little wear, and if it also is original, the bracelet could be, as well. But plan on servicing the watch, unless the seller can provide you with documentation that it HAS been serviced. And even then, if the documention isn't from Rolex, plan on having it serviced. From the look of the corroded hands, I am very doubtful that it was Rolex that serviced it!
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