First off, that is a good looking knife! Looks like one Bob made himself.
I did a real quick color correction for the pink cast by going: Image > Adjustments > Color Balance > Tone Balance > Highlights > Cyan -12 Blue +6. Not perfect but closer.
One other suggestion, when I use bevel/emboss I like to move the global light feature to match the image lighting. In your case the light aspect of the cut-out would be on top and the dark on the bottom.
