[MOD NOTE]
I updated the title to make it descriptive. OP, in the future please try to make them descriptive as that only helps give the members an idea of what you're asking/discussing.
I’m talking about the Olive sport loop that originally was sold with the aluminum Space Gray watch, the Black sports loop was only sold separately and had the multicolored specks in it.
Selling the Space Gray aluminum watch with the Black sports loop is a “new” combination which might be why it says new on the Apple store. Zooming in on the photos of the Black band being sold with the watch, you can still see the multicolored specks. The Olive was not black and looks like this (bottom photo):