My new pocket knife is made of stainless Damascus. From what I can tell it will rust very lightly if soaked in water, but a quick wipe with Birchwood Casey Barricade takes the orange off. That's what happened when I washed it after receiving it; I haven't had any issues carrying it in the watch pocket on my jeans since then.
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That Raw DA is to die for. If I had a chance to get my hands on one nowadays for a price that wasn't astronomical, I would easily overlook both Lummi's ruined reputation and the unusual battery size. I would love a progressive-twisty light made from Damascus.