Omega has quietly refreshed its Speedmaster 38mm collection with seven new references that bring the smaller chronograph closer to the Moonwatch DNA while keeping the price accessible. The update, announced in late July 2026, touches both the steel and two-tone models across the entire range.
The Speedmaster 38 has always lived in the shadow of its42mm Moonwatch sibling. But with this latest round of updates, Omega is making a deliberate push to give the38mm its own identity. The new references feature refined dial layouts, updated indices, and a more cohesive design language that borrows directly from the professional Moonwatch line.
What Changed in the 2026 Update
The most visible change is the dial. Omega has moved away from the layered sub-dial design of the previous generation and adopted a cleaner, more symmetrical layout. TheApplied hour markers now sit on a sunburst-finished dial, and the minute track has been tightened for better legibility. The tachymeter bezel, a Speedmaster signature since1957, remains in place with a polished steel finish on the steel models.
The caseback carries the traditional Seahorse medallion, a detail that connects every Speedmaster to its diving heritage. The twisted lugs, another Speedmaster hallmark, have been subtly reshaped for better wrist comfort on the smaller38mm case.
The Seven New References
Omega has split the new references across three distinct configurations. The steel models form the core of the lineup, while two two-tone options add a dressier dimension.
Steel Models
Three new steel-on-steel references anchor the collection. Reference324.30.38.50.01.002 comes with a black dial, the324.30.38.50.02.003 features a blue sunburst dial, and the324.30.38.50.04.001 introduces a green dial option that reflects the growing demand for colour in sports watches. Two additional steel references,324.15.38.50.05.001 and324.15.38.50.03.001, round out the steel range with different dial and bracelet combinations.
Two-Tone Models
The two-tone references combine stainless steel with Omega proprietary gold alloys. Reference324.20.38.50.02.002 pairs steel with Sedna gold, while the324.20.38.50.02.001 uses Moonshine gold. Both feature the gold on the bezel, crown, pushers, and bracelet centre links, creating a look that sits between sporty and formal.
Movement and Specifications
All seven references are powered by the Omega Calibre3330, an automatic chronograph movement with a column wheel mechanism and a co-axial escapement. The movement runs at28,800 vibrations per hour and offers a52-hour power reserve. Omega has certified each movement to the Swiss Chronometer standard, and the Calibre3330 includes a silicon balance spring for improved magnetic resistance.
| Reference | 324.30.38.50.01.002 (Black), 324.30.38.50.02.003 (Blue), 324.30.38.50.04.001 (Green), 324.15.38.50.05.001, 324.15.38.50.03.001, 324.20.38.50.02.002 (Sedna Gold), 324.20.38.50.02.001 (Moonshine Gold) |
|---|---|
| Case | 38mm diameter, stainless steel (or steel with Sedna/Moonshine gold), 14.75mm thick |
| Crystal | Scratch-resistant sapphire with anti-reflective coating on both sides |
| Caseback | Stainless steel with Seahorse medallion |
| Water Resistance | 50 metres (5 bar) |
| Dial | Sunburst finish, applied hour markers, date window at6 o’clock |
| Movement | Omega Calibre3330 automatic chronograph, column wheel, co-axial escapement |
| Functions | Hours, minutes, small seconds, chronograph (central seconds, 30-minute counter, 12-hour counter), date |
| Power Reserve | 52 hours |
| Frequency | 28,800 vph (4 Hz) |
| Bracelet | Stainless steel or two-tone with folding clasp |
| Price (Steel) | From USD6,500 |
| Price (Two-Tone) | From USD40,600 (Sedna/Moonshine gold on alligator), USD55,400 (full gold bracelet) |
Positioning and Context
The Speedmaster38mm has always been the accessible entry point to the Speedmaster family. With steel models starting at USD6,500, it undercuts the Moonwatch Professional by a significant margin while delivering the same Speedmaster design language. The two-tone models, however, enter a different territory entirely. AtUSD40,600 and above, they compete with watches from brands like Rolex and Audemars Piguet.
Omega’s decision to refresh the entire38mm line at once, rather than trickling out individual references, suggests the brand sees this collection as a growth area. The38mm size has gained traction among collectors who find the42mm Moonwatch too large for daily wear, and the addition of colour options like green and blue addresses a clear market demand.
For existing Speedmaster38 owners, the update raises an interesting question. The previous generation had a distinct visual identity that separated it from the Moonwatch. The2026 models blur that line considerably, which could either broaden the collection’s appeal or dilute the38mm’s unique character.
The new Omega Speedmaster38mm references are available now through Omega boutiques and authorised dealers worldwide.
