Hi Maurice,
It looks like the "bulge" from the weaving rests under the fingers and not the palm of the hand. The Japanese would place menuki (ornaments woven into the handle wrap) on the same side of the handle for a better grip. Maybe this is what the double wrapping is for - to help the wielder get a better purchase on the handle. You'll have to tell us how it feels in the hand when you get it. If nothing else, the weaving does look really nice.
tom
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