Forget about it. Even if it doesn't scratch the blade outright, Concealex and Kydex will scuff the crap out the types of etched finishes we do. That's just the way it goes with the current technology. One tip that I haven't implemented yet is to put two layers of duct tape on the entire blade except for maybe an inch or so around the tip. The theory is that the tip will be held tight, and the guard/handle area will be held tight, but that the sheath material will ride off the the majority of the blade, so it shouldn't scuff/scratch. I like my sheaths to fit like gloves, so I haven't tried this, but in theory it should hold just as well, except not contact the blade as much.