Damnit Jess; nothing lord of the rings gets past you Yes, yes it is. It is very pretty. Currently in this house we have Sting, Narsil and Legolas' fighting knives. On the list of others we want is Gimli's battle axe and Hadhafang... possibly Eowyn's sword too because I just loved the character so much.
I am actually watching the LOTR special features atm. just a few hours before i saw this there as a section about swords, apparently narsil is rare because its the sword with a hollow pommel that still balances nicely.