The subject of black dot Dunhills is controversial. Some believe they're real and some don't. George thinks that the black dots are caused by staining from years of smoking and that none were ever made.
Not quite.
The "from years of smoking" part is irrelevant
UNLESS the cellulose rod that comprises the dot extends into the airway (over-drilling at the time of manufacture). When it does, it's like a slow motion sponge that wicks Smoking Crud up the rod, depositing the solids and eventually turning the dot the same color
AS the Crud.
In the meantime, it'll go from bone colored to amber, to tan, to latigo, to walnut. Sometimes with a bit of red/cherry thown in.
I've not only seen it many times but have photos of such cases.
I think I own one because the "dot" is not shaped like any other Dunhill dot I own or have seen, and I've seen thousands of them. Mine isn't flat on top, it's a hemisphere, so light glances off of it, revealing the "dot".
That's simply the result of two things converging: 1) the dot backing out of the hole (which isn't terribly uncommon... I own several and have seen many; and 2) one of the pipe's former owners used a buffer to shine / polish the pipe frequently. Result? Instant round-over into a lovely lens-like hemisphere.
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Regarding material other than white dot rod being found at the white dot position on a Dunhill stem, by far the most likely explanation is when a legit dot backed out completely and was lost, the owner jammed something entertaining/frivolous into the hole. A small synthetic pearl, a circular faux gemstone, etc.
No one has ever unearthed any documentation to support being able to order a real diamond or similar as a dot from Dunhill at any time, anyway.
(Which, in my mind, always begged the question of why anyone who could afford such an indulgence do the deed to a pipe that is otherwise completely average... If the pipe was a spectacular DR H giant, or something, I might lean toward the "VIP special order through VIP special connections" theory. But for a pedestrian group 4 lovat, not so much.)