Reusable display package for circular blade or other display item

A reusable package is provided for displaying and storing a display item, such as a cutting blade (12). The package includes front (20) and rear (22) body portions hingedly interconnected with each other. Closure portions (26,28) are formed in the front and rear body portions and are mutually engageable in a gripping and releasable relationship through a central aperture on the display item when the body portions are in their closed position. At least one of the body portions includes an anti-rotation lug (56) that is engageable with a surface discontinuity (16) on the display item, such as a space between adjacent teeth on a cutting blade, thus preventing the display item from rotating when the package is closed. Preferably the other body portion includes a second anti-rotation lug (58) located at a different location relative to the closure portions so that the package can be used to display and store at least two different, but similar display items. In a preferred form of the present invention, the front and rear body portions each include dished "clam-shell" portions nestably engageable with each other and a shallow cavity therebetween, in which display cards, anti-theft security devices, or small accessories may be housed. The front and rear body portions can be repeatedly opened and closed after a frangible initial attachment has been broken.