I wonder if the 5 blue/red "dots" or "holes" (or whatever they're called) are somehow functional on the genuine?
Omega has also model called "Seamaster Apnea" which looks like this:
I must say that I have no idea about these.
The reason I'm wondering is because member called "Yellowhat" posted this picture on another forum... and those things look like they could have some sort of functionality... and perhaps the "holes" change color and position on the genuine? Just compare the two different pics of the genuine, other one has three and a half blue "dots" visible, other has just two. That could explain the color difference on the rep.
Either way, the watch is quite a looker. Unique, definitely. Never seen it before.