A razor assembly for shaving, and a combination razor assembly and container for sharpening the razor, is provided. A razor body includes a blade carrier with a reusable blade. A blade guard engages the blade for guiding over the skin surface during shaving. The guard is released to freely expose the blade for cleaning/sharpening while maintaining the blade attached to the carrier. The container includes an opening for receiving the exposed blade and opposed arrays of honing shoes are provided along a path for engaging the blade during sharpening movement of the razor along the container. A guide track having guide grooves engages the blade guard to ensure accurate movement of the blade with respect to the honing shoes. One honing shoe array along one side of the path is spring biased toward the other to assure unison movement and efficient sharpening action. In the razor assembly, a guard extension on the distal end of the blade guard is provided with a spring to urge the guard to the operative position for the shaving mode. A release button is provided for releasing the blade guard for movement away from the blade for cleaning and/or sharpening.