you might be surprised at what is possible with the human hand, given that the person doing the inlay is enough of a perfectionist. Lettering is one of the hardest things, at least for me, to get perfect results with.
I believe there are a few companies that do this. DePaule Supply has either a laser or cnc, i'm not sure which. And i think Custom Inlay Inc. would do this for you as well, i know they have standard fonts, but for an extra charge will do others.
I have a friend that has a laser, we did some experiments with it and cutting inlay. At least with his particular laser there was a problem with burning the edges of the piece. The other problem is that a laser cannot cut a reflective surface, because it will reflect the laser back into itself and destroy the machine. Before we tried shell we called the manufacturer and they advised against it. I think it's for this reason that most production inlay companies don't use lasers, but cnc mills instead. Shell can also be cut with a watersaw.
Unfortunately, all of these options will likely be cost prohibitive unless you do a run. If that's the case, look around for custom inlay. Look at the close up photos to see how perfect their detail work is. If they don't show closeups, it means the work isn't good enough to show a closeup.