Dremel 1/8 in. Rotary Tool Steel Tile Cutting Bit for Ceramic Tile 562 - The Home Depot

Ideal for shaping ceramic wall tile around bathroom or kitchen fixtures or plumbing pipes. You can also create decorative wall tile by cutting a design, such as a sailboat and filling it with colored grout. For best results, insert the accessory bit all the way into the tool and then back it out slightly before tightening down. This provides plenty of shank for the collet or chuck to hold onto the bit.
Product video for 562 Dremel accessory

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Dremel 1/8 in. Rotary Tool Steel Tile Cutting Bit for Ceramic Tile 562