I have thought about this a bit as well and it's actually even weirder, if you check out this reference, on the left side, the knurling stops perfectly alined, letting me think of separated parts like you are mentioning. Now, if you look on the right side, the knurling continues and forms a round recess on each line, like it was cut with a round tool that went slightly further on the right:Just occurred to me, in order to get the knurling all the way to each band, would the clamp have to be three rings? I imagine the cutter would be conical, so you couldn't get that pyramid up against the flat bands....