Google is rumored to be launching two of their own smartwatches later this year - likely with the two Nexus smartphones from HTC that will be running on Android 7.0 Nougat. These two watches are said to be sporting Google Assistant integration, and be more like a "Nexus" smartwatch. Instead of just a smartwatch built by one of their partners. These two smartwatches are codenamed "Angelfish" and "Swordfish".
Android Police has put together a render of these two smartwatches based on the information that their source has given them. For obvious reasons, they can't reveal their source, but they believe these renders to be quite accurate. The larger smartwatch above, is said to be the "Angelfish" model, while the smaller one is "Swordfish". And as you can tell, the Angelfish model has three buttons, with the crown sticking out a bit more. And the smaller, Swordfish has just one button. The bezels also appear to be slightly different. With the Angelfish being a bit more flat and the Swordfish being more rounded. According to Android Police, the Swordfish also has a small bezel underneath the glass. They believe that this is how Google is able to steer clear of that "flat tire" look that Motorola has used in their two generations of the Moto 360.
Obviously, both of these smartwatches (if they exist, and if they are announced/launched) will be launching with Android Wear 2.0, which is expected to come later this fall. Android Wear 2.0 is a huge upgrade for Android Wear as a platform, although Google hasn't confirmed which smartwatches will get the upgrade - we do know that the LG Watch Urbane 2nd Edition and the Huawei Watch will get it, since they are sporting the developer preview already. No pricing has been rumored or leaked on these two smartwatches. But you can expect them to be rather pricey. As these appear to be more high-end smartwatches, and most of those are already around $400 or more (unless you're looking at the TAG Heuer Connected, which is $1500). We should know more in a few weeks when Google takes the wraps off of the new Nexus devices that they have been working on with HTC.