Well, I got it for around half the prices of the cheapest Tulwar I've seen go up for auction. I'm just glad it doesn't have "MADE IN INDIA" stamped on it.
I've attached some closeups of the blade steel. There does appear to be some layering but I don't see any evidence of a watered steel pattern. I'll give it a few hours in some diluted PCB etchant and see what happens.
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