I disagree that this is a newly made blade married with an older hilt. I think both are antique components but could have not been "born together" but there does seem to be a reasonable amount of patina around the section mounted to the blade. The pattern of the blade is a common one found in antique Indian blades it just seems to have received an aggressive etching in recent times and probably needs to be toned down just a hair. The blade also has the eyelash marks which do not seem to be modern stamps. My vote is for an antique blade and hilt that probably was put together in the 19th century.
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