Thanks, Hawkwind. Unfortunately, I can't blow it up sufficiently to make out any detail before it pixelates.
Wire inlay involves first cutting the channel, then undercutting it slightly to hold the wire in, of course. Typically, when blades are to be engraved, it is done beforehand. Even then it would need hard gravers made from carbides. Scale becomes a problem during heat treat. I would also suspect that the upper edges of the channel would become susceptible to oxidation because of the thinness. Thus, this project would best be accomplished if one could reduce scaling by working with salt pots.
After HT, the channels would have to be cleaned out with a carbide graver. Somehow this makes me shudder at the task. After that, all you have to do is tap wire into the channel and sand it flat and it is pretty permanent if the channel are done properly, as evidenced by that ferrule.
I doubt I've helped you much, here, sadly. However, the best help I can offer would be to direct you to post the foto and your original post at the Fine Embellishment forum at KnifeNetworks
http://www.knifenetwork.com/forum/forumdisplay.php?f=46
Worldclass engravers attend that site and would be able to give you the best available information and advice.
Good luck. Interesting project.