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Well spotted. In '37 Longines had a divers type bezel..
In Response To: Indeed, Heuer Had Rotating Marker (circa 1935) ()

A wee bit of Googling shows a dicussion on this subject over on WUS.
http://forums.watchuseek.com/f2/first-watch-rotating-bezel-550423.html
They suggest that there was a discussion on the Diver Watch Forum about the same. (I'm off to find it!)

I suppose it all depends on what function the bezel has..

But here is a pic from the WUS thread, apparently a 1937 watch.. clearly a divers type bezel, but it's from a pilots furom, so maybe originally not specifically for diving - although the actual usage I think is redundant IMHO!

Stewart

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