It does kind of look like wootz but is really alloy banding, or grain banding. I bet everyone honing with a microscope is going to go wild looking for this stuff on their blades now.
Now you have to polish up the spine and see what you get there...(not like you needed more work to do).
I'd be curious to know if the makers of Red Imps could possibly have overlapped with the use of shear steels? Those can have a subtle lamination look to them. Another possibility would be the use of some Sheffield crucible steel because that could also produce some of this kind of crystalline appearance.