The Pendant normally drop when he is killed. The Pendant is useful to anyone using a melee weapon such as a Sword, Mace, Axe, Zen or Katar, as well as ranged physical weapons such as a Bow or Crossbow. Since the Pendant is a blue named item, it cannot be traded in-game. It can only be traded through the exchange market. It is highly recommended any party's killing the Shard of Baron Victor Vlen to set the party's distribution to "Free" and have any melee weapon users obtain the item.