I have seen this kind of kris before for sale in the NL, I am sure that I saw the same sitting figure although the contrast was higher and needn't having light coming from the side to enhance the figure's design.
It seems indeed acid etched on the blade with a process which may have used wax or something similar.
I personally don't care much for this kind of kris.
But there is a lid for every pot.
There is certainly someone out there who would like it and I personally wouldn't bother to separate the blade from the rest of the elements which were already put together more or less randomly in the first place.
The reason why people collect krises vary from the museum-quality-taxonomic-oriented to the mystical and there is really no account for personal taste, whatever tickles one's fancy, goes.
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