Balance Ring + 1 is the HQ result of Earth + Amethyst + Silver Ring +1. The key is using HQ ingredients, which can result in an Amethyst Ring, Balance Ring, or Balance Ring +1. I can't confirm this because my goldsmithing level isn't high enough, but that is what my research tells me.
wow im also on caitsith and every other server must sell for high. prolly in part of me, i make balance rings ^_^ . Sell them in my bazaar out of Jueno for 10k. i can also make most any other ring so if u see me ask and i'll help ya out.