Combustion +157: +157 Equipment Bonus to Fire Spell Power.
Glaciation +157: +157 Equipment Bonus to Cold Spell Power.
Magnetism +157: +157 Equipment Bonus to Electric Spell Power.
Corrosion +157: +157 Equipment Bonus to Acid Spell Power.
Elemental Resistance +45: Passive: You are almost impervious to elemental damage, gaining +45 Enhancement Bonus to Acid, Cold, Electricity, Fire, and Sonic Resistance.
Wizardry +305: This item grants you a +305 Enhancement bonus to your maximum spellpoints.
Augments:
Yellow Augment Slot: Empty
Green Augment Slot: Empty
This ring seems very ancient, and is set with numerous colored gems that pulse with elemental power. It will enhance the effectiveness of many kinds of offensive magic.