Question about a watch poising tool

[Bill3]

A few days ago I was in an antique shop and on a dark and dusty shelf I found a poising tool.  The dealer had no idea what it was and sold it to me for $5.00.  I thought it was a good deal until I got home and examined it carefully.  

The first picture is the tool, still in the box, the second is the tool on my desk, and then a picture of the jaws.  Notice that the red (ruby ?) jaws are deeply chipped.  My question is, can this be repaired?  I have searched the web for "poising tool jaws" and similar searches and have found nothing.  Perhaps someone on this forum can share some knowledge about this problem?

Thanks in advance for reading this.  I have received so much good information from the people on this forum that posting here seems like a good option after I ran out of ideas.  

Bill

 

[oldhippy]

Heaven knows why they  have got into such a poor condition. Is that the little level with it. What is the make there's some sort of makers stamp on it have you searched on the web for it.

[Bill3]

Thank you for your answer to my post. 

Yes, it has a level built in.  It is a "Favorite"brand.  I have searched the web for the brand name and have found the poising tool, but nothing about changing jaws.  

Bill