When your counter has reached 25000 you will have following properties on the item:

+120 to 170 to strength/energy/dexterity/vitality
+310 to 460 to Life/Mana
+45% to Fire/Lightning/Poison/Cold/Magic Resist
+10% to Maximum Fire/Lightning/Poison/Cold/Magic Resist
+12 Fire/Lightning/Magic/Cold Absorb
Poison legth reduced by 50%
Your Fire/Lightning/Poison/Cold Spells do 12% more damage
+25% Fire/Lightning/Magic/Cold Absorb
+1000 to 2500 to Defense
178% more Gold from Monsters
89% better Chance of getting a magic Item