diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6d9af75a..7dc070de 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,10 +1,11 @@
-## master / unreleased
+## 1.7.0 / 2023-12-02
 
 BREAKING CHANGES:
 
 The flag `--es.snapshots` has been renamed to `--collector.snapshots`.
 
-* [CHANGE] Rename --es.snapshots to --collector.snapshots #XXX
+* [CHANGE] Rename --es.snapshots to --collector.snapshots #789
+* [FEATURE] Add watermark metrics #611
 
 ## 1.6.0 / 2023-06-22
 
diff --git a/VERSION b/VERSION
index dc1e644a..bd8bf882 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.6.0
+1.7.0