Hi John, I have a hard wood block with holes drilled in it.
I started with this same setup. I drilled holes for burs and
needle files. Had another one with larger holes for my stamps
that are 1/4"-3/8" in diameter. Worked well for the most part,
but now I have one of those rotating bur holders from Rio, which
cost about $13 U.S. It was well worth the money. It holds lots of
burs and polishing points in a small area, and because of the
tiers, I can separate my points according to how coarse or fine
they are. What I also found that worked well for those small
points was my kids’ old Bristle Blocks. These were plastic
building blocks with nubbins sticking out. Work great, and lots
cheaper as kids’ toys than from jewelry suppliers.
On another area of the workbench, I keep my miniature buffs,
cutting wheels, sanding disks, etc. organized and clean by using
those small candy tubes that mini M & M’s come in. They’re just
the right size, you can write the contents on the outside, they
seal to keep contents in and debris out, and they don’t take up
much room in my side drawers because they stack neatly on their
sides. Kids don’t mind taking care of the M & M’s either.