After a day and a night surfing the web and this forum website. I found this to be what I'm buying for use in drilling Freshwater pearl, since I already have Foredom Flex Shaft, this seem to be a perfect bridge between the wrist buster - hand held jig and the $1k machine. Just incase anyone will find this helpful, check this out.
http://www.fdjtool.com/ProductInfo.aspx?productid=HO3110
My order is coming next week and I am anticipating a happy drilling
Cheers,
~K
Are you happy with this machine?