That's a color variation for the Engraving Blade Holder (original: Item 74139), aided by the handle in vivid red. It can be used using the amount of Tamiya Fine Engraving Blades and Needle.
• Engraving Blade Holder (Red) x1
• Length: 126mm, diameter: 6mm.
• made from lightweight, durable aluminum, with a knurled hold area for error-free crafting. The chuck is made from nickel-plated metal.
• The holder’s slimline kind allows that it's held like a pen.
• Blade insertion and decrease is straightforward – simply very carefully pinch the chuck and turn the handle.
• includes a protective limitation which also prevents the owner from rolling away.
• ideal for Fine Engraving Blades (items 74135-38, 74145), Needle (item 74148) and Design Knife Blades (product 74074).