It's 1095 alright. It's probably got the best production Leather Sheath I have seen, but I'm not a huge fan of leather. It is a leather sheath with a leather tie down, and another leather thong strap to make the sheath jump capable, as it appears to be there to secure the blade further. The sheath itself attaches via a belt loop, or an included MOLLE/MALICE Clip. I will probably get this blade out to be tested more extensively soon.