Diamond hones are made from very small, industrial grade, diamonds adhered to the face of a metal or plastic plate. Also, because Diamonds are so much harder than any of the other sharpening materials, they tend to cut very fast and last much longer than the other whetstone materials. But, they are also often more expensive to purchase. In addition, Diamond Stones generally consist of three different styles consisting of a solid metal plate coated with an adhesive and diamond dust with holes in the plate to allow the swarf to escape, a solid plate without holes for sharpening tools with corners that might catch in the holes, and a plastic plate with islands of exposed plastic interspersed with the adhesive and diamond dust to act as a lubricant.
Diamond hones are made from very small, industrial grade, diamonds adhered to the face of a metal or plastic plate. Also, because Diamonds are so much harder than any of the other sharpening materials, they tend to cut very fast and last much longer than the other whetstone materials. But, they are also often more expensive to purchase. In addition, Diamond Stones generally consist of three different styles consisting of a solid metal plate coated with an adhesive and diamond dust with holes in the plate to allow the swarf to escape, a solid plate without holes for sharpening tools with corners that might catch in the holes, and a plastic plate with islands of exposed plastic interspersed with the adhesive and diamond dust to act as a lubricant.
Like all DMT® products, DMT sharpening stones are proudly made in the USA and will produce excellent, consistent results time after time, year after year. DMT's diamond sharpening stones feature the most diamond per square inch in the industry and a proprietary process that ensures near-perfect consistency in grit size, engineered to be the flattest sharpeners on the market. Simply put, DMT’s premium sharpening stones are best-in-class products with undeniable long-lasting value.
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.
DMT® is recognized as the worldwide leader in diamond knife sharpeners and sharpening products, with a diverse product line and reputation for quality and innovation. DMT’s patented and award-winning products are known for their superior quality and versatility, are easy to use, and allow for sharpening in a fraction of the time required by other methods. DMT manufactures a full line of diamond knife sharpeners and other sharpening tools for use in woodworking, culinary arts, gardening, camping, fishing, hunting, outdoor and winter sports, industrial applications and more.
I recommend keeping two stones in your kit. One with a medium grit (around 800 or so) to perform major sharpening jobs, and one with a fine grit (at least 2,000) to tune the edge to a razor-sharp finish. For real pros, a stone with an ultra-fine grit (8,000 and above) will leave a mirror-like finish on your blade, but most cooks won't notice the difference in terms of cutting ability.

I bought this and Unimi's 600/1000 whetstone at the same time. Curiously, reviews are currently blocked for their 600/1000 model, as amazon wouldn't let me leave one for it. Considering the conspicuous absence of reviews in the other stone's listing, one can only assume they're being censored for everyone. So, maybe I should be more critical of these stones, and use them a while longer before giving them any praise? But I've had a very positive experience with them so far, and the 600/1000 stone was the one I found most useful.
You’ll know you’re reached a stopping point when you can feel the slight catch of the bevel on the edge of the blade, by carefully running your finger in the direction of the blade, or by cutting through a sheet of paper. When the knife cuts cleanly through the paper, it’s time to hone the blade. Read our guide for more information about honing vs sharpening.
High Grit Stones: These are also known as finishing stones with the number range going up to 8000, and give you a super refined edge.  They work great with Western knives as they cutting edge resembles a “U” as opposed to a “V”. If you are using your knife to cut meat, then you can happily stop at 4000 or 6000 grit. If you are only using it for vegetables or fruit go all the way to the 8000.
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