I haven't tried it yet but 99.9% sure it would remove it. I say that because when I sharpen a blade the etching is gone. What I'm doing is sanding the area to create the pattern. Maybe I'll post a video of doing it when I get back to it.
Brownells sells tooling for jeweling or engine turning which ever term you want to use. Many years ago I made something for a fellow shipmate while I was in the Navy and I jeweled it using lapping compound and a wood dowel. Here's a link to Brownells https://www.brownells.com/search/?page=1&search=jeweling
