Defensive Qualities

Antistatus +500 z: You are immune to a single status effect.
Resistance +700 z: You have Resistance to a single damage type (not physical damage).
Amulet +800 z: You gain a +1 bonus to Magic Defense.
Bulwark +800 z: You gain a +1 bonus to Defense.
Dual Resistance +1000 z: You have Resistance to two damage types (not physical damage).
Swordbreaker +1000 z: You have Resistance to physical damage.
Immunity +1500 z: You have Immunity to a single damage type (not physical damage).
Omnishield +2000 z: You gain a +1 bonus to Defense and Magic Defense.
Perfect Health +2000 z: You are immune to all status effects.

Offensive Qualities

Magical +100 z: The weapon targets Magic Defense instead of Defense.
Hunter +300 z: The weapon deals 5 extra damage to creatures of a particular Species.
Piercing +400 z: Damage dealt by the weapon ignores Resistances.
Dual Hunter +500 z: The weapon deals 5 extra damage to creatures belonging to one of two particular Species.
Multi +1000 z: Attacks with the weapon have multi (2).
Status +1500 z: Each target hit by the weapon suffers (choose one: dazed, shaken, slow, weak).
Status Plus +2000 z: Each target hit by the weapon suffers (choose one: enraged, poisoned).

The Elves at Smolderheart Peak are rumored to craft weapons capable of banishing demons.