I'm certain that is a San-Mai..... carbon core, with a nickel damascus overlay(s).
The color is from hot bluing. BUT.....remember how I'm always talking about "Give-N-Take" when it comes to knifemaking? This is a prime example. By hot bluing to that color, the heat treat in the blade is pretty much wrecked. This is a case of choosing "looks" over function.
The ONLY hot bluing method that I have ever seen that doesn't wreck heat treatment is a product called "Black Magic" bluing salts.....which I do not think are available anymore. Those (Black Magic) were NOT use in this case, as they only offer one color.....a deep black, achieved at 295F.
The most controllable hot bluing method that I am aware of is Nitre Blue from Brownells. With it, and careful temp control, you can achieve anything from the old Luger golds/browns, all the way through the spectrum..... to sky blue colors.
While this looks really awesome, that's about all it is......it's functionality as a knife is severely compromised, or completely destroyed.