Contrary to what you may have seen on TV, the average knife takes 15 to 20 hours of work. We hand-forge all of our blades, then grind them to refine the shape. We hand-make all the fittings, handles and sheaths, harden and temper, then polish and sharpen ourselves too. Then in the case of a Damascus blade, we actually make the Damasucs steel here in our workshop too. This can be a very labour intensive process, and the time depends on the complexity of the pattern, but can take up to a week. This is why a knife with a Damascus blade is typically double the price of one with a plain high carbon steel blade.
We quite often get asked why a hand made knife is so expensive. As you can see, there is quite a process and if you multiply the number of hours by your hourly rate from your job or profession, you will see that most knives are actually very reasonably priced.