The BladeForums.com 2024 Traditional Knife is available! Price is $250 ea (shipped within CONUS).
Order here: https://www.bladeforums.com/help/2024-traditional/
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.