It's the maker's name. It reads, HAJI.
It's likely Tiflis (Tbilisi) work. Gonzoadler's dating of 1890-1920 is reasonable. However, 1920s-1930s is probably closer.
The grips are potentially antler, bone, or ivory with horn on the reverse. antler and horn. The leather is original and the
suspension tab is rather rare. All in all a nice example that survives in very good shape.
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