Yes, Swatch Group bought out the ``OLD OMEGA`` and the quality of old is probally gone. I bought by watch for $250
back 33 years ago.My son loves it so, as I do, that I searched worldwide to find the same exact model...took me
5 years...I found one in Seattle, $2000. I couldn`t get the credit card out of my pocket fast enough. My son will cry when I give it to him for his graduation in about 3 years.
I may send mine back to Switzerland and have them overhaul it like new.