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Origin of the Rotating Bezel?

I had always assumed that the rotating bezel originated either (a) for divers, or (b) for people tracking a second time zone. Here's a listing of a Rolex Turn-O-Graph that suggests that the rotating bezel was originally a tool to allow people to time their phone calls --

http://rolexpassionmarket.com/watches/turn-o-graph-mk1ref-6202/

Can anyone confirm or deny this explanation?

Jeff

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