The prized pendant of Smithing is a pendant of skill that may be obtained as a prize from the Squeal of Fortune. It may be discharged of all its power to provide the player with an amount of bonus experience for Smithing dependent on level. It provides more bonus experience than a regular pendant of Smithing. When a prized pendant of Smithing is discharged of its power, it becomes a cosmetic prized pendant of Smithing.
Pendants were originally worn to give experience; however, with an update on 8 October 2013, the experience is automatically gained. Pendants with charges that still exist may be redeemed for automatic experience with the Gain xp option.
This information has been compiled as part of the update history project. Some updates may not be included - see here for how to help out!