Please help me ID a blade from estate
 

I’m not very familiar and get blades from estate/property sales. Any idea what I have whether a real piece or novelty item? The blade appears to be real layered Damascus. I’ve seen real and replica Damascus before.

looks Indian to me .

A recently made Indian or Pakistani piece, perhaps from Rajastan or Lahor where a lot of this modern industry seems to reside.

Some of these modern pieces are quite well made, and many have elaborate silver koftgari work. These are made in sweat shops and the craftsmen/women get very little compensation. Some appear on eBay at exorbitant asking prices, as if they were 300 year-old antiques. Closely related to the modern manufactured ones is the dressing up of old blades with new decorations and fancy hilts (old or new). These marriages are also quite expensive for what they are.

The blade shown here is laminated ("watered") steel. It is not wootz (crucible) steel.

Ian summed it up completely. I see these a lot for sale. No comparison to the originals.

A tourist piece from India or Pakistan. Not worth much.

But please stop the rust anyway - as it seems to be active.

Personally, I think this thingie can rust away without any loss to the world heritage.