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Because they don't have titanium blades. They have low quality steel blades under what they claim to be a titanium coating.
This ^
The titanium knife question is a lot more complicated than it's made out to be. To really understand it, firstly you must know that saying "titanium" is like saying "iron." Steel is an iron alloy. To make a good blade out of iron, it must be alloyed to greatly increase its various strength properties and make it heat-treatable. To make a blade using titanium as a base metal, it must be alloyed to greatly increase its various strength properties and make it heat-treatable.
The most common titanium alloy, 6al4v also known as Grade 5 (the vast majority of all ti alloy made is one of the half-dozen iterations of 6al4v, much of what is left is just pure unalloyed ti), is specifically made to NOT be able to get that hard, but rather is formulated to be flexible, resistant to deformation, to prevent cracking and breaking. It does work well for many blade tasks if it has a tungsten carbide edge applied. When someone says "titanium" they are basically always talking about the ally 6al4v. Titanium alloys that are NOT 6al4v are pretty damn rare.
The main reason you do not see ti knives much, is because it's difficult and not very economical to use it for a normal-duty slicing blade. As Hickory n' Steel said, it's just way more straightforward to use one of the many great steels available today. Steel metallurgy continues to advance like crazy, while titanium metallurgy is mainly embedded within the aerospace industry. Although it seems to enter the main stream as golf club faces, LOL! X]
There are about two-dozen rarely-seen titanium alloys out there.
Furthermore, the typical industrial heat-treatment for titanium alloys is the same. Structural alloys whose properties are fine-tuned through alloying, with basically the same HT applied. To make a good blade from a ti alloy, you must consider the alloying elements, and then apply a heat treatment designed to bring about the qualities you would want in a blade, not a structural member for a machine, or a chemical vessel, or a hiking spork. This takes a lot of study and hands-on testing, which somebody would have to be out of their fuckin' mind to bother doing. Pardon my French.
The diving knives you see are not a very good example of a fine titanium alloy knife. They generally have horrible heat treatment, the poor alloys are not good. Some folks still like them, but they are just a shadow of what a ti alloy blade can be. YMMV I find them a catastrophic embarrassment.
One thing I will continue to bellow from the rooftops: the bigger a blade gets, the better ti alloy gets as a blade. Once you pass 18" or so of blade, with the right design, ti alloy and HT, the result is an excellent edged hand tool that is unlike anything else.