The A-Grade jewelry (Phoenix and Majestic) has Masterwork versions: the same M. Def. and Max MP as the normal piece, plus a bonus of its own.
How to get it
From Chronicle 2, a Dwarf who crafts a sealed Phoenix or Majestic piece (see Recipes: A-Grade Jewelry) has a 10% chance to make its Foundation instead. The Merchant of Mammon varnishes a Foundation into the Masterwork piece (A-grade Foundation - Masterwork) for the Ancient Adena that breaking the seal costs, and nothing else.
The pieces
| Masterwork | M. Def. / Max MP | Masterwork bonus |
|---|---|---|
 Phoenix Necklace Masterwork | 80 / 26 | Max MP +21 |
 Phoenix Earring Masterwork | 60 / 20 | M. Def. +1% |
 Phoenix Ring Masterwork | 40 / 13 | MP Regeneration +0.71% |
 Majestic Necklace Masterwork | 85 / 33 | M. Def. +1%, plus one resistance of your choice (below) |
 Majestic Earring Masterwork | 63 / 25 | resistance to Poison +5.71% |
 Majestic Ring Masterwork | 42 / 17 | Max MP +11 |
Majestic Necklace: pick a resistance
Like a weapon Special Ability, the Foundation of the Majestic Necklace becomes the Masterwork necklace with one resistance of your choice, shown in yellow next to its name. All four cost the same.
| Masterwork necklace | Bonus |
|---|---|
| Majestic Necklace Masterwork - Stun Resistance | M. Def. +1%, resistance to Stun +15% |
| Majestic Necklace Masterwork - Sleep Resistance | M. Def. +1%, resistance to Sleep +15% |
| Majestic Necklace Masterwork - Hold Resistance | M. Def. +1%, resistance to Hold +15% |
| Majestic Necklace Masterwork - Mental Resistance | M. Def. +1%, resistance to Fear, Silence and Confusion +15% |
Varnish cost
At the Merchant of Mammon (each Majestic Necklace choice costs the same):
| Masterwork | Foundation |  Ancient Adena |
|---|---|---|
| Phoenix Necklace Masterwork |  Foundation Sealed Phoenix Necklace | 855,525 |
| Phoenix Earring Masterwork |  Foundation Sealed Phoenix Earring | 641,644 |
| Phoenix Ring Masterwork |  Foundation Sealed Phoenix Ring | 427,763 |
| Majestic Earring Masterwork |  Foundation Sealed Majestic Earring | 640,251 |
| Majestic Ring Masterwork |  Foundation Sealed Majestic Ring | 426,834 |
| Majestic Necklace Masterwork - Stun Resistance |  Foundation Sealed Majestic Necklace | 853,669 |