Orient Ray II (2017-) (Ray II, FAA02004B9, Ray 2) — Current Prices, JDM Listings, Market Analysis
The Orient Ray II is a Japanese diver that has built a steady following among buyers looking for an accessible automatic with legitimate dive credentials. Tracked here under references Ray II, FAA02004B9, and Ray 2, the 2017-onward generation represents Orient's refined take on its long-running diver lineup. The US gray market for this reference sits at a measured price point, and Japan continues to generate regular secondary listings worth monitoring. For buyers willing to source directly from Japan, the pricing gap between markets is the central story.
Current US Market Value
The current US median for the Orient Ray II (2017-) sits at $174, with the interquartile range also spanning $174 to $174 — a reflection of the thin comparable data available rather than unusual pricing stability. This figure is drawn from a single Chrono24 asking-price data point, which means the comp quality is rated 🟡 Limited. Treat this number as a directional anchor, not a statistically confident median. As more transaction data accumulates, the picture will sharpen. For now, buyers and sellers should weigh this figure accordingly and look at active JDM listings for additional pricing context before making decisions about Ray II price benchmarks.
Active JDM Listings
Japan is showing consistent activity on this reference. Recent listings span a wide range, which is typical for a model sold across multiple retail and resale channels simultaneously. The majority of current inventory appears on Yahoo Shopping storefronts, with at least one Mercari listing indicating used-market supply as well. One outlier listing at ¥198,000 sits dramatically above the rest of the market and almost certainly represents either a mislist, a bundle, or a different variant entirely — it warrants skepticism without further context. If you are looking to buy Ray II Japan, the sub-¥21,000 cluster is where realistic transaction prices appear to be forming.
- ¥12,602 — Yahoo Shopping (condition unknown)
- ¥18,150 — Yahoo Shopping, two separate listings at this price (condition unknown)
- ¥20,900 — Yahoo Shopping (condition unknown)
- ¥74,730 — Mercari (used)
- ¥198,000 — Japanese platform listing (condition unknown, significant outlier)
Recent Alert History
No strict or opportunity alerts have fired for the Orient Ray II (2017-) in the past 90 days. This is an honest read of the data rather than a gap in coverage. It suggests that recent Japanese listings have not crossed the thresholds that would signal a clear arbitrage window or an unusually priced unit worth flagging. The market appears to be moving at relatively predictable levels for now. Subscribers tracking this reference through Tonbo's signals system will be notified if that changes.
Japan vs. US Price Gap
The core arbitrage logic on the Orient Ray II sits in the gap between the sub-¥21,000 Yahoo Shopping listings — roughly $135 to $140 at current exchange rates before fees and shipping — and the $174 US asking-price benchmark. That spread is narrow enough that execution costs, including proxy service fees, international shipping, and any import considerations, can compress or eliminate margin quickly. The Mercari used listing at ¥74,730 and the ¥198,000 outlier illustrate how wide condition and channel variance runs in this market, which reinforces the need to vet individual listings carefully. The primary risk here is comp thinness on the US side — with a single data point anchoring the American price, a buyer optimizing for resale has limited confidence in where the market will actually clear. Current Ray II for sale inventory in Japan is real and accessible, but the arbitrage math requires precise cost accounting to be worth pursuing. You can browse current opportunities across similar models at Tonbo's deals tracker.
Get Real-Time Alerts for Orient Ray II (2017-)
Tonbo monitors Japanese auction and resale platforms continuously for the Orient Ray II (2017-) Ray II and flags listings that meet defined price thresholds. If a below-market unit surfaces or a pattern shift emerges, alerts go to subscribers before the window closes. You can review alert tier options and set up coverage for this reference at tonbomarket.com/pricing. For a broader view of the JDM watch market with no commitment, the free newsletter at tonbomarket.com covers notable movements across tracked references on a regular cadence.