The amulet is something like 'the amulet of flame'. It (just) gives 50% prot. from fire. You can get it by jumping on the stepping stones in stead of staying down. (Though lavawalk is still a must unless you never miss a jump. )
I've always wondered if there is anything you can do with the amulets of the different elements: there is one of flame, one gem of the ocean, and at least one other I can't remember now. It would almost seem like they are part of a puzzle, like the tomes of the elements for Zen Master: esp. the flame one is absolutely worthless when you find it. But I've never found out what they could be used for. Anyone?
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