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Omega Speedmaster 38mm Watches: The 2017 Collection and Cappuccino Model

OMEGA’s 2017 Speedmaster 38 mm collection included the Cappuccino, a steel-and-Sedna-gold chronograph with oval brown subdials. Here are its documented features, one example reference and market-specific launch prices.
Estimate3–4 min Catalogued SpecialistWatchRanker Team
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OMEGA announced its Speedmaster 38 mm collection on 17 February 2017. The best-documented design from that launch is the “Cappuccino,” a steel-and-Sedna-gold chronograph with brown oval subdials. It was one model in a larger collection—not the whole range—and the available official announcement does not enumerate every 2017 reference.

What OMEGA introduced in 2017

OMEGA’s parent company, Swatch Group, dated the new Speedmaster 38 mm collection announcement to 17 February 2017, the year marking 60 years since the first Speedmaster’s launch. OMEGA said the collection was designed with “simplicity, size and colour in mind.” The announcement presents the Cappuccino as one watch within a complete collection, rather than as the sole 38 mm model.

The announcement is useful for identifying the collection’s design direction and the Cappuccino’s details, but it does not provide a complete list of models or reference numbers. Therefore, an exhaustive roster of all watches released in 2017 cannot be established from that source.

The 2017 Speedmaster 38 Cappuccino

The documented Cappuccino pairs a stainless-steel case with 18K Sedna gold accents. Its taupe-brown leather strap complements the brown oval subdials on a bi-colour dial. An oval date window sits at 6 o’clock, while the hands and indexes are 18K Sedna gold.

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#1 Best Overall
Omega Speedmaster Chronograph Automatic 38 mm Watch 324.30.38.50.03.001
  • Omega Speedmaster Chronograph Automatic 38 mm Watch 324.30.38.50.03.001
  • Bezel: Diamond-set, with a tachymeter scale on a brown aluminium ring.
  • Caseback: Seahorse medallion.
  • Movement: OMEGA Calibre 3330 with Co-Axial technology and a silicon balance spring.
  • Warranty stated at announcement: Four years. This is the period announcement’s warranty statement, not confirmation that a particular watch remains covered today.

These specifics describe the Cappuccino announced in 2017; they should not be assumed to apply to every watch in the 38 mm collection.

A documented 2017 reference and launch-market prices

Reference 324.23.38.50.02.001 is a concrete example associated with the 2017 collection. Period retail sources identify it as a 38 mm steel-and-gold model, but their prices refer to different markets and should not be treated as one worldwide launch price.

Rank #2
Omega Speedmaster 38 Orbis Chronograph Automatic Men's Watch 324.30.38.50.03.002
  • Omega Speedmaster 38 Orbis Chronograph Automatic Men's Watch 324.30.38.50.03.002
Market and source Documented details Launch-price claim
Japan — Piazo article updated 10 April 2017 Reference 324.23.38.50.02.001; stainless steel and 18K yellow gold; white dial; Calibre 3330; 10 bar water resistance. The release timing was estimated for May 2017. Estimated ¥660,000 before tax.
France — My-Watchsite specialist retail listing The same reference is identified as on sale in 2017. The page does not state its publication date. €5,700 French launch list price, according to the retailer.

The Japanese and French figures are secondary retail claims for separate markets. They are not directly comparable without accounting for tax treatment and exchange rates, and neither establishes the price of every 2017 Speedmaster 38.

Can you identify every 2017 model?

Not from the dated official announcement available here. It calls the Cappuccino one piece in the collection but does not list all configurations or references. A specialist-retailer search result has described fourteen new models, but that count is not confirmed by the official announcement, so it should not be treated as a verified total.

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For a specific watch, use its full reference number rather than relying on “Speedmaster 38” alone. That helps distinguish it from other Speedmaster sizes, the Moonwatch Professional, and later 38 mm designs. The official announcement also does not supply a reference number for the Cappuccino, so the documented reference above should not automatically be assigned to that named model.

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How the 2017 design differs from the 2026 update

OMEGA’s 25 August 2026 announcement describes seven new references and a changed design: rounded subdials replace the earlier oval shape, alongside a cleaner dial, thicker bezel and five-link bracelets inspired by the Moonwatch. Those details belong to the 2026 generation, not the 2017 Cappuccino. The change in subdial shape is a practical visual clue when distinguishing the two generations.

Quick Recap

Bestseller No. 1
Omega Speedmaster Chronograph Automatic 38 mm Watch 324.30.38.50.03.001
Omega Speedmaster Chronograph Automatic 38 mm Watch 324.30.38.50.03.001
Omega Speedmaster Chronograph Automatic 38 mm Watch 324.30.38.50.03.001
Bestseller No. 2
Omega Speedmaster 38 Orbis Chronograph Automatic Men's Watch 324.30.38.50.03.002
Omega Speedmaster 38 Orbis Chronograph Automatic Men's Watch 324.30.38.50.03.002
Omega Speedmaster 38 Orbis Chronograph Automatic Men's Watch 324.30.38.50.03.002
$5,650.00
Bestseller No. 3

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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