  Cubic boron nitride insert. 
This very expensive ($70 list, $20 on eBay) milling bit insert is only about half an inch wide, but incredibly hard and long-wearing in applications involving continuous cutting of hardened steels (grade BNX20).  For that price it better be! 
It has a cubic boron nitride coating over a cemented tungsten carbide base. 
Source: eBay seller cutting_edge _tool 
Contributor: Theodore Gray 
Acquired: 17 April, 2009 
Text Updated: 17 April, 2009 
Price: $20 
Size: 0.6" 
Purity: <10%
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