Sajen,
Your navaja is consistent with those made in the first half of the 20th century in the Castilla La Mancha region . Because of its large size and engraving, it was intended either as a display piece or souvenir. By the 20th century, those intended for use seldom had blades larger than 6”.
I cannot make out from the photo if it bears a brand name or the ubiquitous “recuerdo” (souvenir). If there is a brand name, then I may be able to trace its origins better.
Cheers
Chris Evans
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