Hello,
once I had a Pulwar/Pulowar with a very similar blade and I have seen further blades like this on some other Tulwars. The eched motifs were of poor quality (like in this case) and also the blade itself was not high end.
So I think the blade is an old touristic piece (maybe early 20th c., maybe later) and the handle was added in the regional taste.
All sabers with this etched blade I have seen were of low quality and in my opinion old wall hangers.
Regards
Robin
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