I think that the tool you are looking for is a ball mill.
Yep. They range from sub-$100 to multi-$k. Mine is in the former category and is just fine for
dispersing pigments, but I doubt it would do much good at
grinding them. It's one thing I'd still like to try one day.
Apart from the mill, what matters is the milling media and the vessel. That's about as far as my knowledge stretches. I'm using plain stainless steel shot in mine and the vessel on my cheap mill is a rubber affair I would trust about as far as I could throw it (it helps it's pretty light!) When processing small batches of a few grams of pigment, I put the pigment with the dispersant and some water and some steel shot in a plastic 35mm box and then put that in the larger milling vessel. Works very nicely.
I'm guessing that scale from a smith's forge is iron oxide
If it is, it's a b*tch to print with in my experience. It's virtually impossible to disperse effectively so it'll always settle to the bottle. And since it's a ferromagnetic material, it'll orient itself in the direction of any nearby magnets, so forget about trying to keep it dispersed by putting it on a magnetic stirrer.
@Carnie Bob I know Calvin has mentioned his planetary ball mill a couple of times; he seems to have looked into the matter and since he also does work with natural pigments, I guess he must have looked into the issue of grinding to a homogenous size as well. Have you contacted him about it?