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Ipe, or Ironwood is amazingly hard and durable stuff. It is usually used for exterior decking for houses as it, like teak, stands up well to the elements. Ipe also looks a bit like teak. As Dan suggests, because of its hardness you will need extra blades and bits when working with it.
Another good choice would be Mahogany.
"The cure for anything is salt water~ sweat, tears, or the sea." ~Isak Denesen
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