Peace is intended for the Amazon class. It is a very cheap way to obtain +2 skills on an armor for amazons, and a few other useful traits though it does not compare to most end-game gear. This armor is sometimes used by other classes for the Valkyrie proc, although it does not activate if it is worn by their hireling.
4% Chance To Cast Level 5 Slow Missiles When Struck
2% Chance To Cast level 15 Valkyrie On Striking
+2 To Amazon Skill Levels
+20% Faster Hit Recovery
+2 To Critical Strike
Cold Resist +30%
Attacker Takes Damage of 14