Feels like ceramic bearings but, have not taken apart to confirm. From what I can tell it looks to be washers. I've copied the description as listed on the website below for your reference. Please send a direct message or email for future inquiries regarding this listing. Thanks
"Both washers and ceramic pivot make for silky smooth action"
I took mine apart and it has stainless washers on the inside of the scales and ceramic bearings. It is very smooth. Been carrying it for the last week and it has gotten even smoother. Almost completely drop shut.
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