I had a very similar experience with the purchase of my first Sgian Dubh gift set. I paid something like $70.00 and the only thing of value was the kilt pin and cuff links. The sheath and handle are injected molded plastic and the handle has decorative fake carvings only on one side.

When I gave the seller negative feedback about the poor quality of the Sgian Dubh, he said I got a $120.00 blade for next to nothing and he threatened me with negative feedback, I could care less what he thinks, I am the consumer.

I am trying to salvage the blade and make my own Sgian Dubh.