Omega has replaced its entire Speedmaster 38mm lineup with seven new references, and the update leans harder into Moonwatch styling than any version of this collection has before. The most talked-about piece is a black-dial, no-date model that collectors are already calling the closest thing to a modern Speedmaster Reduced, the beloved automatic 39mm chronograph Omega produced from 1988 to around 2010.
This guide, from Precision Watches, an Omega Authorized Dealer near Philadelphia, covers what changed across the collection, the movement and certification details worth knowing, pricing for all seven references, and where to see the new lineup in person.
Why This Update Matters
The Speedmaster 38mm has gone through several identities since Omega first introduced a smaller automatic Speedmaster in 1988. The original Reduced offered a genuine downsized alternative to the 42mm Moonwatch within the broader Omega Speedmaster collection. When it was discontinued, a smaller Speedmaster stuck around but leaned increasingly feminine, and the 2017 redesign introduced oval subdials and a two-piece bezel that moved the collection further from its Moonwatch roots.
This new generation reverses that direction. Gone are the oval subdials, replaced by classic round registers. The bezel returns to a single, Moonwatch-style tachymeter insert with the familiar dot-over-90 marking. Omega CEO Raynald Aeschlimann has said the update leans further into Moonwatch inspiration while keeping the size, color, and simplicity the 38mm range is known for.
The Standout: A Black No-Date Reference
Reference 324.30.38.50.01.002 is the reference driving most of the attention, and it earns that attention honestly. Unlike the other six models, it drops the date window entirely, uses a different movement to do it, and pairs a matte black dial with white painted hands and a black aluminum bezel insert. The steel case, five-link bracelet, and recessed round subdials all pull directly from Moonwatch design language, and enthusiasts researching the Speedmaster Reduced now have a current-production reference that finally captures that same spirit.
The other six references keep the same case and movement architecture but add a date window at 6 o’clock, along with a range of dial colors and case materials, from full steel to Moonshine and Sedna gold accents to diamond-set bezels. If distinctive special editions are more your interest, our guide to the Speedmaster Snoopy covers one of the line’s most collectible releases.
Case, Movement, and Certification
Every reference in the new collection shares the same case dimensions: 38mm in diameter, 14.75mm thick, with a 44.96mm lug-to-lug measurement and 100 meters of water resistance. That thickness is worth noting for anyone hoping the update would slim the case down. It has not, since the automatic movement architecture requires more room than the Moonwatch’s manual-wind caliber does.
The no-date black model runs Omega’s Calibre 3332. The six date models run the related Calibre 3330. Both are automatic chronograph movements built around a co-axial escapement, a free-sprung balance with a silicon hairspring, and a 52-hour power reserve, and both carry COSC chronometer certification.
One nuance worth getting right: these movements are COSC-certified chronometers, but they are not Master Chronometer certified, the additional METAS-tested standard most current Omega watches now carry. This is one of the few movements in Omega’s current catalog without that certification, so it is worth knowing going in if METAS testing specifically matters to you.
Pricing Across the Collection
- Omega Speedmaster black dial (no date, 324.30.38.50.01.002): $6,500
- Omega Speedmaster silver dial (grey bezel, 324.30.38.50.02.003): $6,700
- Omega Speedmaster blue ceramic (white dial, 324.30.38.50.04.001): $7,100
- Omega Speedmaster Moonshine Gold (green bezel, 324.20.38.50.02.001): starting around $11,700
- Omega Speedmaster Sedna Gold (“cappuccino,” 324.20.38.50.02.002): starting around $11,700
- Omega Speedmaster ice blue (diamond-set bezel, 324.15.38.50.03.001): starting around $12,300
- Omega Speedmaster mother of pearl (diamond-set bezel, 324.15.38.50.05.001): starting around $13,100
All seven are part of Omega’s permanent collection rather than a limited run, and the bracelet across every reference uses the brand’s comfort release micro-adjustment system, offering two positions and roughly 2.3mm of extension.
See the New Speedmaster 38mm at Precision Watches
As an Omega Authorized Dealer near Philadelphia, Precision Watches carries the new Speedmaster 38mm as part of the full new Omega watches lineup, in the showroom and online.
For more on Speedmaster’s range, our Dark Side of the Moon review covers a very different execution within the same collection. If you already own an Omega and are curious what it might be worth toward a new piece, our guide to Omega resale value covers what drives pricing on the secondary market.
Frequently Asked Questions About the New Speedmaster 38mm
How many new Speedmaster 38mm references did Omega release?
Omega released seven new references, replacing the entire outgoing Speedmaster 38mm lineup. One is a black-dial, no-date model, and the other six add a date window in a range of dial colors and case materials.
Is the new Speedmaster 38mm a Master Chronometer?
No. The Calibre 3330 and 3332 movements in this collection are COSC-certified chronometers, but they are not Master Chronometer certified, the additional METAS-tested standard most current Omega watches carry.
How much does the new Omega Speedmaster 38mm cost?
Pricing starts at $6,500 for the steel black-dial, no-date model, with steel references running up to $7,100. Two-tone gold references start around $11,700, and diamond-set references start around $12,300.
Is the new Speedmaster 38mm a Speedmaster Reduced?
Not officially. Omega has not revived the Speedmaster Reduced name, but the black-dial, no-date reference closely echoes that discontinued model’s design, and many collectors consider it the closest current-production equivalent.
