i gave ferro the coral-hogar tusk and a ring of protection and he said to come back later and it would be ready for sale so i have come back again and again (even after resting and fighting many many rapex) and all he says is i am suprised you have not become a templer yet and if i ask about the blade he just gives me the item requirments again.
anyone know what the ***k is going on and is this blade even worth having?

24 hours.
I don't know whether being a Templar is necessary, i've always just been one. Though i haven't even bothered with Ivory since my first few games...

do you know what the stats on this weapon are?

Ivory Blade is one-handed, does 7-31 damage, to hit +4, initiative +5, K.O. 1%, AC +1, and casts Haste.