Thanks for the update Stacy. Sure, I have some experience with it albeit not a huge amount - while there may be better ways with the ideal equipment, I have had a good amount of success with using diamond burrs in a foredom for carving jade for doing the bulk of the carving. For the finer steps, perhaps I used the wrong name for the Cratex wheels (I was trying to find a thread where you had referenced these but was unable to), I was referring to the small rubber-like burrs that are impregnated with abrasive. They don't take off nearly as much as the diamond bits but along with the felt+diamond powder for the final stages I've been able to get a pretty good "polish" or as close to what a polish could be for jade.
I am curious as to whether people have used their belt grinders, as-is or converted, for at least roughing out the stone. While the dust is a factor, for someone who wants to do the occasional stone inlay in their handle it would be great to not have to invest in the full lapidary setup.