A double-edged skate blade assembly for an ice skate comprising a double-edged blade and a pair of blade supports, each of which is individually replaceable. The assembly includes mechanisms to mate the blade supports about the blade, to connect the blade supports to each other, to interlock the blade and support assembly into a blade holder on the skate and to fasten the blade assembly to the blade holder. The entire blade assembly is easily removable, reversible and replaceable in a skate with little or no requirement for tools. The invention also comprises a holder to securely support the skate blade assembly on the boot of the ice skate.