I know I'm late chiming into this thread and it's actually my first post on the forum but I bought one of these last week and it's a ref 48403100 with the silver hands on the silver face. It can be a little tricky to read the time compared my other watches but somehow that can be forgiven. It's definitely not a sports watch and I find it quite elegant but I'm just amazed at how little information there appears to be on the internet.
This is by far the newest watch in my collection of roughly 30 vintage watches and I was under the impression it was all stainless steel, so I'd be very happy if it turns out to have a white gold bezel. I have all the original documentation including the bill of sale, boxes and warranty card. It was first sold in 1997 and is an 861.