Whetstones may be natural or artificial stones. Artificial stones usually come in the form of a bonded abrasive composed of a ceramic such as silicon carbide (carborundum) or of aluminium oxide (corundum). Bonded abrasives provide a faster cutting action than natural stones. They are commonly available as a double-sided block with a coarse grit on one side and a fine grit on the other enabling one stone to satisfy the basic requirements of sharpening. Some shapes are designed for specific purposes such as sharpening scythes, drills or serrations.[9]
Ease of use – Most people in search of a mechanical sharpener want one because they don’t want to be bothered with trying to achieve a perfect edge themselves using a stick or sharpening stone. They want predictable, first class results every time. In that case it’s important that the electric powered device is easy to use, achieves results quickly and with little effort and is designed with user safety in mind. Keep in mind too that it’s easy to apply too much pressure when using a mechanical sharpener and when that happens you’re likely to see unsatisfactory results. In addition there are subtle differences between mechanical devices designed for Asian-style knives and those designed for Western-style knives. This has to do with the sharpening angle discussed above. Don’t get an Asian sharpener if you don’t need precise control over your cuts.
Table mounted device – Typically the manual powered table mounted sharpener looks virtually identical to the electric powered sharpener with a slot for each stage. Where they differ is that each slot in the manual powered sharpener has only one groove and you pull the blade through this groove toward you to sharpen the blade. Once the blade is sufficiently sharp you place it in the honing groove to refine the edge and pull it toward you again several times. If there is a third, cleaning, stage you repeat the process for that stage as well.
With its premium series Select II, the whetstone manufacturer Sigma Power Corporation from Tokyo addresses users of high-alloy steels such as HSS. These stones, too, are obviously intended to engender a grinding experience similar to that of natural stones. The special production process is expensive, but the Sigma Select II probably has no equal when it comes to demolishing steel.
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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). 
A sharpening stone is a stone that has got a coarse side and usually a finer side, and that is going to take and re-shape your edge and get it back down thin enough in order to sharpen it. You are basically taking something that is blunt and thinning it back down. You have to remove all of this extra metal and get it back down to where it is thin enough to cut. Very simply, all a knife is is a very thin piece of steel to split whatever you are cutting. If the knife is obviously thicker, it is like trying to cut something with a chisel; it is not going to happen.

Naniwa also makes the Naniwa Traditional line of stones, these are less expensive than the Professional lineup and I believe were created to compete in terms of cost with some other brands such as King that are less expensive, more attractive to some who are just starting and may not want to invest a lot of money. I have tried the Naniwa Traditional 220, 1,000 and 2,000 grit stones and I thoroughly enjoyed them, so if you are considering a less expensive brand to get started, these are also good. I do not like them as much as the Professional line but I do like them, they work, they make the knives sharp.
Absolutely solid item craftsmanship is top notch in general as to be expected from wazoo My only complaint is about my stone personally it's pretty bland and all white lacking in uniqueness and character there is one spot that shows some color when wet and it looks like it might be a weak point right on the top corner of the rounded end it may end up weakening with use and break off especially if it gets dropped but this is purely a fault and with the stone it's self and not with wazoo

first time buying a sharping stone. i bought this because i wanted to sharpen kitchen knives. you have to practice to get good at it, use a knife you don't care about because you might mess it up. there is some conflicting instructions online on how to use, water or no water. read as much as you can about using stones and practice, practice , practice. look up videos on youtube and internet. i had fun using it, BUY IF YOU WANT TO LEARN here is some stuff i found, they all sound like professionals http://video.about.com/culinaryarts/Sharpen-Knives-With-a-Whetston.htm?rd=1 http://culinaryarts.about.com/od/knivescutlery/ht/whetstone.htm this is a video that says don't use water http://video.about.com/culinaryarts/Sharpen-Knives-With-a-Whetston.htm?rd=1 this is a youtube video that i watched that uses water. *informative http://www.youtube.com/watch?v=KFIg9Cm-nJg
Unfortunately, the arrays of modern whetstone can be bewildering to the inexperienced sharpeners that so often times many of them end up with a crap or wrong decision on stone type for their utensils. The most difficult to determine is whether the whetstone is fake or fabricated with low quality of materials. To avoid this you can only go for the reliable brand of a whetstone.

The type and size of the blade being sharpened determines the size of the stone needed. In general , a 6" stone is considered a small sharpening stone, an 8" stone is a common larger size, and a stone larger than 8" (10"-12" are available) is considered generously sized. Stones smaller than 6" (3" and 4" stones are quite common), are considered pocket stones and can be used for toolboxes, tackle boxes and on-the-go sharpening, but are generally not recommended for regular sharpening jobs.

The Japanese sharpening stone whetstone combo is about 9.1 in. in length. It's  multi-sided and actually looks like a block of wood. When you use the dark side or the medium grit side (#1000), soak it for about 2-3 minutes.  When finished, the ridge on the base which surrounds the stone will fit snugged into it. Even if the base wasn't there the stones friction will stay. Some of the good features of the base is actually the rubber stoppers to hold it on a dry surface. When you learn how to sharpen a pocket knife, doing it on one of these will help.
Cost – While you can get a perfectly serviceable sharpening stick or stone sharpener for short money and some very high-quality tabletop manual 2 and 3-stage sharpeners for less than $50, high-quality mechanical systems will often run you $200 or even more. While that’s not so much money it’s likely to impact the quality of your life it is a lot to pay to keep a decent edge on your knives. While how much you ultimately pay for a sharpener is entirely up to you, you may want to consider your commitment to cooking and how often you are actually liable to use the device. If this is your first sharpener you might also want to consider learning how to sharpen a blade using a classic stick or stone sharpener first, before deciding if moving up to a mechanical sharpener is the right thing for you. 

Why spend hundreds of dollars on a knife sharpening machine when you can get your knives razor sharp for the price of a cheap necktie? It won’t take more than a few practice sessions to learn how to get your knives professionally sharp with the Lansky 8” Ceramic Sharp Stick. This device is simplicity incarnate and yet it does the job of electric sharpeners costing many times more.
However, because the Belgian Blue stone generally occurs in relatively wide columns with much thinner layers of Vielsalm Coticule on either side adjacent to the slate, the Belgian Blue stone is more plentiful that Coticule and thus, it’s somewhat less expensive. But, it’s also somewhat softer than Coticule and is not divided into different grades as Coticule is. Furthermore, because it is a softer stone than Coticule, it is sold without a substrate layer.