The Jagged Reaver is a type of axe with a curved grip and a two-pronged blade. It is the second largest of the three types of Jagged Reavers.
This is an Eye of the North Expansion item.
The handle of the axe does dye, but the blade does not.
There are two other versions of the Jagged Reavers. The main difference between each is their size.
Here is a comparison of the three different Jagged Reavers: