I've thought about the problem before, but I could only come up with a way to cut the chip out of the block with a saw or mill, leaving some plastic around it. Then polish the surfaces. You would not have a chip that looked original, but one that looked kind of like a chip in an air-tite holder. I haven't tried it, but believe it could be done with lots of time and effort.
There are also prototyping devices available that will scan an object and then build-up a duplicate of it in 3D using plastic. I suspect this would be a more practical way to get a chip that looks like the one in the block of plastic. And you don't destroy the paperweight in the process!
However, I only have a BS, not a PhD [g].
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