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As it also says 'Made in Germany', I have a hunch it might be made by Grah & Plühmacher for Droescher. But I don't have any proof for that.

No way it could have been repinned? What gives you that impression? Proper pinning is not rocket science.

Apparently 'Blue Diamond' was indeed used by Norvell-Shapleigh (which I didn't know), but...

My take on these nice looking razors is that the scales are most likely not original to the razors.

The 'Blue Diamond' razors I've seen have been either made by Grah & Plühmacher (manufacturers of...