The exquisite shield is a multi-tier shield obtained from the Squeal of Fortune. Version 1 requires a Defence of 10 to wield, and version 2 requires a Defence of 40 to wield. In order to change the tier of the shield, right click the shield while it is in your inventory and select the "change" option. It can be reclaimed from Diango for 1,000 gold at level 10 and for 10,000 gold at level 40.