This is like gambling the type of prefix and/or suffix on swords. Take 3 chipped gems and put them in your Horadric Cube with your sword. When you transmute you will get some type of 3 socketed sword. My suggestion is to do this to get a 3 socketed Cruel Colossus Blade. You can do this "cheat" over and over all you want. In my experience, the higher the level you are the better chance of getting a more damaged weapon.