Quoted from "Kelaros;64560"
Yeah, it is a craftable talisman, the stat cannot be transmuted onto other items, but if you wish to transmute onto it then you can have that additional damage. However, 2-H staff might be better overall than that talisman+scepter.
PS. If anyone on Osha wants one let me know, I will craft one for you (at a charge of course, requires a LOT of materials lol)