Upon completely consuming the item - through improving with it, or creating an item with it - there is a ''small'' chance of its rarity transferring to the item that are being worked on exists. Very heavy emphasizing on SMALL.
=== Tools and Toolbelts ===
Rare tools typically receive 10% less damage during use and enchantments, such as [[Circle of Cunning]] and [[Wind of Ages]] appear to decrease less over time.
[[Toolbelt]]'s gain an extra slot per rarity level.
Go here: [[Talk:Rare_item#Individual_Item_Reports|Talk page]] for more and comprehensive individual rare item listings.