Just for those that don't know....
Enchanted items that do not just have 1 charge (reads 1/1) cannot be recharged. The only exception to this is the XP rings.
With that said, this items is actually extremely good for a number of the jobs that can wear it. The HP recovery isn't too bad and the Defense is only 1 less than Centurion. The next best thing isn't really until lvl 34-35ish. Not too bad of an item for a DRK who like Soul Eater either.