Here is a great example of an item that would be highly sought after on progression servers if classes other than enchanter could use it. However, as a drop from a level 55 NPC it is a very low effect for a chanter to the point of being mostly useless --at least C2 would be in the range of useable (not that much, on any server above level 60, but some use). Sure it can be used to buff low people, but it has a slow cast time.
Anyways, that just opinion and conjecture.
Reality is we need a modern item window pic of this item.
We could use a pic of someone wielding this too.