No Yes Yep! I know, not a question, but no and yes. When held, the graphic has blue undertones also, but it is not more blue. The icon graphic for the item, however, is blue.
Yeowch, yanked right from underneath Boze. But he's had a turn hosting, and we must respect the rules of the game. All yours, Cpt. Skeet. Congrats!
Yeah, when Mori asked that question, I had to go run through the whole quest to see how it really looked like. I couldn't find any up-close screenshots of it being held online. Kinda dull purple, which I guess is a combination of red and blue.