Best Of

The rim was black and partially charred so I took care of that.
I also used dry eraser to take away the majority of that dingy look.
Once finished, I used hot wax and waxed the entire stummel.
After vigorously buffing with a paper towel, here's the final.
Now it's being given a second chance...

Once I realized I was going to get it to work, I started on the stummel.
As you know, meerschaum and water do not mix, so I placed it in a small plastic bag and sealed it with tape at the end of the shank while I worked to wet sand a smooth transition from the shank to the stem.
It may not be absolutely perfect, but it's better than damaging the meerschaum. 

Not knowing if I could get it to work, I used a stem I probably wouldn't use on most pipes. It wasn't in great shape, but the color surprisingly seemed to work well and it was the right size.
First, I cut off the tenon and sanded that area flush.
Then I drilled that end to accommodate the tap which matched the thread of the screw-in tenon. 
I surprised myself and got a good tight fit...

Note: that now puts me up to 58 pipes for the STL show...