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I have been looking for it for a while too. It is here somewhere, a pretty complete guide someone did on which dungeons give what items.|
But, in basic, there are four colors, I will list them from lowest, to highest tier
Green are Apprentice items, and can have a stat or skil% +1/2
Blue I forgot the name but they have stat or skill% +3
Purple are Master items, and have a varied amount of stats, usually all equips are +7% skill chance, but I think armor can give +2 all stats if you get lucky, and hat can give only +5% skill
Orange are Hero items and generaly the stats are a combination of several Master type items...
Hope this helps