Wet or dry carbon fiber can be drilled, just use a very sharp drill bit and don't apply too much pressure (to avoid fraying the cf on the exit side of the hole). If it's a big hole you should drill a few pilot holes instead of one giant hole.

You can get the wet look back by applying spray-on kicker, then a few coats of very thin super glue (Zap Pink) to the edges, then polish it. All of those are available at good hobby shops.

 

S2KA's first paragraph sums it all up. Angle grinders work fine on carbon as well. Always control strength and pressure, any conventional workshop dremel/cutting tool with a decent cutting bit/teeth would not fray or destroy the product. Taping which is also mentioned above before attempting to drill would be ideal as well.

 

yeah, I started last night with high speed and light pressure...you can barely even tell it was dremmeled, left the edge very smooth...thanx everyone

 

Compared to standard steel bits, Tungsten Carbide bits retain their edges quite well when drilling into glass fiber-style materials. CF is similar in nature to FR-4, the material used to create my PC boards...stuff turns steel bits to dull wire after 50 holes