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These are tools every stamp collector should have.

COLOUR GUIDE PERFORATION GAUGE
The colour guide comes in handy when you have an unknown stamp. You can identify it with the help of a catalogue (more on that below). To identify it correctly you need a colour guide to match the stamp to a colour on the guide. You will then know what description to look for in the catalogue. A perforation gauge works in the following way. Put it next to a stamp and count the number of perforations in 20 millimetres (or 2cm). The number of perfs in 20 millimetres is the perforation of that stamp. This comes in handy since two stamps might look similar but have different perfs. This can dramatically influence the value of your stamp. Certain perfs are scarcer.
TONGS MAGNIFYING GLASS
Because stamps are so delicate they should be handled as carefully as possible. To prevent wear and tear, tongs should be used every time you handle a stamp. Skilled collectors never touch a stamp with fingers, they even mount them by using their tongs. Fatty oils or cream on your hands can actually remain on the stamp and cause them to lose colour. Many stamps have very fine detail and it helps to have magnifying glass to take a closer look. It shows details four to six times the actual size. A magnifying glass is especially useful in looking for differences between seemingly identical stamps. It is also great to view a beautiful stamp through a magnifying glass.
WATERMARK DETECTOR FLUID FLUORESCENT LIGHT
Some stamps has a mark put on during manufacturing (to prevent counterfeiting). The watermark will show when you use this special fluid. (Note: there are some hazards in handling watermark detection fluid, so check with an adult before you use it). To look for a watermark, place the stamp with your tongs, face down in a tray and cover with enough fluid. If there is a watermark, it should become visible. If you take it out the stamp will dry in a minute or two. Use a newspaper to make sure the stamp is completely dry, before putting it back in an album. A fluorescent light works in the same way as the watermark fluid, but will work easier. You can hold the light above the stamp and place it back in your album immediately. No need for you to wait for the stamp to dry. Can be used to check  bank notes as well.

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CoZania December 2007