I made Pysanky stands for my family for Easter. You can see the whole process in this link:
The problem with them was for the larger diameter eggs, the hole was a bit small and that led to egg wobble and in the worst case, eggs tipping over. The problem was that my largest Forstner bit was 7/8 inch. I bought a new Irwin 1 1/4″ bit at Rolliers, my local hardware store and rebored the hole in the mahogany base. I put Tung oil on as a finish. You can see the finished product and how much more stable it is.
The original Egg Stand
The new Irwin Bit and my vintage Sears Craftsman Drill Press (found at a yard sale for $5)
The re-bored stand unfinished, then with Tung Oil, and finally the finished product.