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Small Tools and Inserts
Small tool bit have various uses within engineering.  From Machining to grinding wheel truing and dressing.
 

Diatipt tool bits are generally available with a range of standard holders.

These direct machining tools give long life and trouble free runs on non-ferrous metals and abrasive materials such as plastics, carbon and some ceramics.

Tools can also be manufactured for specialist applications such as grooving and parting off.

Specialist truing tools called Commando and Centurion are produced to give a high concentration of diamond to be utilised while dressing the wheel truing application.  Other advantages these tools have over single point tools is that they are 100% consumable and are considerably cheaper than single point tools.