Axe looks better now, though I don't get the sense of a sharp edge as much as with the sword.
The metal texture for the sword is really, really well done 
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The light source is at upper left: there shouldn't be highlights on the axe right side, and they should be stronger on the upper left than lower left.
I think it may be the dithering on the left side of the axe. Looks kind of out of place.
Yeah I thought so aswell. I went back and tried to fix it.
I'm loving that sword, beautiful job shading the blade :D