Abstract: A container assembly for a sharpening stone which can be converted from a package for transport and display into a pedestal for supporting and exposing the sharpening stone for use. The assembly is formed of a sheet of polymeric material having a plurality of panels joined by living hinges. A generally box-shaped package can be formed for containing the sharpening stone by folding the panels in one direction and joining end flaps and panels by the use of detents. A pedestal for exposing the sharpening stone can be formed by folding the respective panels on the assembly in the opposite direction and joining into a box-shaped configuration with the use of the end flaps, panels and detents.