That is a color variation for the Engraving Blade Holder (original: Item 74139), with the handle in vivid red. It can be used using the number 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 permits that it is held like a pen.
• Blade insertion and reduction is straightforward – simply carefully pinch the chuck and turn the handle.
• includes a protective limit which also stops the owner from rolling away.
• suitable for Fine Engraving Blades (products 74135-38, 74145), Needle (product 74148) and Design Knife Blades (product 74074).