Rolex 118296??

[tkc324]

I am looking to buy a Platinum President. Found this one available but with diamond lugs. I don’t particularly care for the diamond lugs.

Curious if anyone knows much about this particular model? Or if anyone own one and can share their experience. Does the diamond lug become an eye sore later on?

I was told this is a rare watch? I admit I have never seen one before but would love to learn more. I tried to search but found very limited amount of info on it. Curious to see what the experts think?