When you first enchant the ring/pendants. Slot 2-3 have no failure chance, but slot 1 can fail and remove your slot 2-3 enchants bonus, and the socket enchant can destroy your accessory if it fails. Also, i think it removes your enchants bonus too if you slot it last. Better to socket enchant first.
However, once you get all the enchants on slot 1-2-3, you can reset as many times as you want and the slot you want.
Slot 1 is the status bonus.
Slot 2-3 is the FightingSpirit/+%magic or physical dmg/Spellbonus.
I hope that helps. Sorry if you can't understand, i`m pretty bad at explaining.
Edited by Wylnir, 09 November 2012 - 07:56 AM.