I gave my husband this pocket knife that I purchased from a jewelry store. The handle is mother-of-pearl with a small engravable area near the hinge. There was enough room for initials to be engraved but not a full name. This would be in your price range. The initials have worn over time, but that's because he still carries it every day.
<img src="http://img.photobucket.com/albums/v496/Grancey/pocketknife.jpg">
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Quiet, mild-mannered souls might just turn out to be roaring lions of two-fisted cool.
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