The BladeForums.com 2024 Traditional Knife is ready to order! See this thread for details:
https://www.bladeforums.com/threads/bladeforums-2024-traditional-knife.2003187/
Price is $300 $250 ea (shipped within CONUS). If you live outside the US, I will contact you after your order for extra shipping charges.
Order here: https://www.bladeforums.com/help/2024-traditional/ - Order as many as you like, we have plenty.
From what I've been told it the wood that's used on pakistan knives. It is of low quality.
Whether it is used on Pakistani knives I do not know. The rest of your statement is untrue.
http://ajh-knives.com/stabwood.html
To answer the OP, it is a resin impregnated wood.
It will be extremely durable and can be quite beautiful.