I wanted my woodturning lathe tools to be sharp, neat, and clean. So I built a simple caddy to hold them. It hugs the lathe bed securely with a dozen ring magnets embedded in its underside. I just slide this caddy close to my work and the tools remain quite clean – the bottom of the caddy is fabricated from a wire mesh screen (1/2″ squares) that allows nearly all the chips to fall through.
– Dick Dorn