To address two issues, 1) Tom there very deffiniteiy IS a "giraffe horn" and it's very similar to rhinocerous horn in being composed of a compacted hair-like substance as opposed to most other forms of "horn" (I'm more familiar with it on live animals than as weapon hilts) and is reputed to be held in high esteem for the same reason, ie, it swells slightly when wet, making it almost adhere to the hand rather than becomming slippery and hard to hang on to.
As to the yellow color of this hilt, I suspect that it's plastic, having seen several dozen pieces only a couple of years ago that were all imported from Morocco in a single container by an antique dealer here in Florida that appeared nearly identical.......they were of both styles, the one similar to yours and the traditional elongated khoumiya style as well, all with nice, user blades.
Keep in mind that plastic does not necessarily have the same cheap connotation that we in the US commonly associate with it, particularly in regions where humidity, arridness and destructive insects are a factor.....just recently I aquired that Jambiya with the Saudi royal insignia on it with the belt inset with a white plastic immitation patent leather and it was anything but an inferior piece.
Mike
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