Meanwhile, if you want something that you can use to sharpen a variety of knives and edges, including small and pointed tools, you might want to consider the DMT WM8CX-WB 8-Inch Duo Sharp Plus Bench Stone – Coarse/Extra Coarse with Base. For less than a hundred bucks, you can even use it to repair a damaged edge because of its extra-coarse diamonds.
A diamond plate is a steel plate, sometimes mounted on a plastic or resin base, coated with diamond grit, an abrasive that will grind metal. When they are mounted they are sometimes known as diamond stones.[12] The plate may have a series of holes cut in it that capture the swarf cast off as grinding takes place, and cuts costs by reducing the amount of abrasive surface area on each plate. Diamond plates can serve many purposes including sharpening steel tools, and for maintaining the flatness of man-made waterstones, which can become grooved or hollowed in use. Truing (flattening a stone whose shape has been changed as it wears away) is widely considered essential to the sharpening process but some hand sharpening techniques utilise the high points of a non-true stone. As the only part of a diamond plate to wear away is a very thin coating of grit and adhesive, and in a good diamond plate this wear is minimal due to diamond's hardness, a diamond plate retains its flatness. Rubbing the diamond plate on a whetstone to true (flatten) the whetstone is a modern alternative to more traditional truing methods.[13]

Once sufficiently wet, it's time to position the stone on something solid, so it doesn't move about during sharpening. Many come with holders, but you can just place it on a slightly damp tea towel on the table. The stone should be roughly perpendicular to your body, though Warner told me it is sometimes easier to angle it ever so slightly to the right (if you're right handed). 

All stones require either water or oil as a lubricant to sharpen the knife. We prefer water stones because they’re easier to use, less messy and don’t have the possibility to go rancid like oil does. If you choose a water stone, all you have to do is either add water to the stone before placing the knife on the surface, or soak the stone in water for 10 minutes before use. You’ll want to read the instruction for the stone you purchase to find out how to use it properly.

Frequently, our recommendation for beginning sharpeners is to start with diamond stones as their strengths make them ideal to build a sharpening toolkit around. Diamond stones are low maintenance and durable, lasting many years with only occasional cleaning. They are among the fastest stones to use making them time efficient. Diamond grit will handle even very hard steels, and diamond stones can be used for flattening waterstones. All these things make diamond stones a practical foundation for your sharpening toolkit.
If no metal is being removed from the edge of the blade, it’s considered honing. Whereas if metal is being removed from the blade edge this is considered sharpening. Certainly, even honing will result in some microscopic amounts of metal being removed from the blade edge but not enough to be visible to the human eye, so the above definition is basically a solid one.
"How do I use this daunting metal rod?" I hear you ask. Well, it's not too hard, really. The best way for a beginner is to balance the steel on a surface with the tip secured by a damp tea towel. You want to get that angle right, whether it's around 15 degrees for a Japanese knife or 20 degrees on a German or French blade. Then swipe slowly down, away from you, making sure the whole blade is honed – around five swipes on each side should do. 
Sharpening on the other hand is reupholstering the furniture or telling the hair stylist to give you a new look. Material is going to be removed from the edge of the blade. There’s no way around it. How much is removed will be a function of just how dull the knife has become or whether you’re sharpening to compensate for a chip in the edge or because the tip has broken off. If your knife is not damaged and you have it sharpened twice a year very little material will be removed each time, yet it may still be enough for you to notice just by looking carefully with the naked eye. 

Vielsalm Coticule on the other hand generally occurs in much more narrow layers sandwiched between the slate layer and the Belgian Blue layer and thus, it is both less plentiful and more expensive than Belgian Blue stone. Also, Coticule is divided into different grades and sometimes displays blemishes on the surface due to its proximity to the slate layer. Furthermore, it is somewhat harder than Belgium Blue stone and, due to its brittleness, it is bonded to a substrate layer of hard slate prior to sale to prevent the stone from breaking during use.
Cerax and Suehiro stones from Suehiro are a little harder, and as such do not wear down as quickly as the classic Japanese water stones. The 8000 grit stone will perhaps give you the best cutting edge with a mirror polish on chisels and similar blades. Suehiro also makes a small combination stone for those who do not sharpen tools all that often and are reluctant to spend extra for a Cerax stone.
If you don’t have a problem with the water-lubrication system in your working environment, Waterstones is the most common and affordable models to obtain. They are available in various abrasive grit grade from coarse to extra fine mesh. They generally made by Aluminum Oxide, which provides faster cutting. The downside of the Waterstone, they wear down more quickly as the impact of the old abrasive materials that break the stone itself. It is why Waterstone requires frequent flattening to keep it evenly. It is recommended you have one of diamond stones to help you for regular flattening become easier.
Put the pointed, narrow end of the sharpener up against the open end of the gut hook. The narrow, pointed end of the sharpener should face in toward the thickness of the blade, away from the edge of the gut hook. Match the angle of the sharpener to the original edge angle. This will maintain the correct sharpening angle and prevent you from getting cut by the blade tip. Hold the same angle when sharpening each side of the gut hook.

I do have to question the grit ratings of these stones. I didn't notice anything before using them, but after a day, the 2000 grit actually felt courser than the 1000 grit side of the other stone. Whether that could be a byproduct of other factors or an indication of the more obvious, being that the grit ratings aren't accurate, I don't know. But that seemed to be the main criticism of cheaper whetstones, that their grit ratings often aren't accurate. Or maybe it's less a problem with accuracy and more a difference that most synthetic stones might have in common when being compared to much pricier natural stones?
Over the course of two days I re-sharpened nearly a dozen old blades, including removing the secondary bevel on an old stainless Ontario saber-grind Navy diver's knife, convexing the edge on flat ground 1095 Schrade 55 that also came with a secondary bevel, and fixing a broken tip on an old Kershaw folder. These stones made quick work of the Schrade and Kershaw. Both had completely new edge geometry within 30 minutes apiece. The Kershaw looked like-new, as if the tip had never broken. And the Schrade cut much better than it's secondary bevel would previously allow, regardless of how sharp I got it with a ceramic rod and strops. The Ontario took a little more work, as it had been abused a little the last time I'd held it, over 25 years ago and was as dull as a case knife - one of the reasons I decided to go ahead and do a full saber grind - well, a slightly convexed saber, I suppose would be more accurate. But within under an hour of using the two stones and a couple leather strops (one with black compound, another with green), the Ontario was shaving sharp again too.

This is my first time ordering from hayneedle, but you came thru with flying colors. I was so happy to see the delivery come so quick as stated. It was just as i hoped it would be, i now have my whetstone sharpening stone, to really get my kitchen knives as sharp as i can get them. This to me is the best way to sharpen a knife, it takes patience but the reward is worth it. Thanks Hayneedle you rock!!! Ray D.