This one took a while to get out due to a high number of difficulties in getting the proper groundwork down so that future additions for items will be able to be added in smoothly. While what solid material in the patch note may seem little, the actual equipment items and their effects took approximately 3% of the time it took to get the system to utilize them implemented.

0.13 Changelog

Building Changes
-All buildings and lairs start with 10 Physical and Magical armor.

Blacksmith
-The Blacksmith can now purchase extra equipment from Heroes.
-Blacksmith purchasing mechanics currently operate in the same manner as the Marketplace's purchasing mechanics currently do.

General Changes
-An equipment system has been implemented for Heroes to utilize.
-Current equipment consists of Body Armor and Primary Weapon.
-All Heroes will be moved to utilizing the new equipment system.
-Heroes can now drop their equipment on the ground after dying for other heroes to pick up and utilize.
-Only heroes using the same type of equipment can utilize dropped items as their own in this manner.
Due to the current way equipment upgrades in the Blacksmith/Wizard's Guild, upgradeable equipment cannot transfer between different types of heroes. Until GPL functionality is expanded, only non-upgradeable equipment such as those found in the field will be able to be used by different types of heroes.

Hero Changes
Equipment

Adept
-Primary Weapon set to Wooden Staff.
-Body Armor set to Quilted Armor.
-Weapon Enchant Preference set to Arcane.
-Armor Enchant Preference set to Artifice.

Barbarian
-Primary Weapon set to Axe & Club.
-Body Armor set to Leather Wraps.
-Weapon Enchant Preference set to Arcane.
-Armor Enchant Preference set to Strength.

Cultist
-Primary Weapon set to Throwing Knife.
-Body Armor set to Tribal Regalia.
-Weapon Enchant Preference set to Chaotic.
-Armor Enchant Preference set to Animal Attunement.

Dwarf
-Primary Weapon set to Hammer.
-Body Armor set to Heavy Plate.
-Weapon Enchant Preference set to Arcane.
-Armor Enchant Preference set to Greed.

Elf
-Primary Weapon set to Elven Bow.
-Body Armor set to Ring Mail.
-Weapon Enchant Preference set to Arcane.
-Armor Enchant Preference set to Artifice.

Gnome
-Primary Weapon set to Iron Dagger.
-Body Armor set to Tattered Fleece.
-Weapon Enchant Preference set to Arcane.
-Armor Enchant Preference set to Magic.

Healer
-Primary Weapon set to Weeping Knife.
-Body Armor set to Ceremonial Garb.
-Weapon Enchant Preference set to Divine.
-Armor Enchant Preference set to Regenerative.

Paladin
-Primary Weapon set to Claymore.
-Body Armor set to Field Plate.
-Weapon Enchant Preference set to Divine.
-Armor Enchant Preference set to Regenerative.

Priestess
-Primary Weapon set to Bone Rod.
-Body Armor set to Mantle.
-Armor Enchant Preference set to Necromantic.

Ranger
-Primary Weapon set to Short Bow.
-Body Armor set to Hide Armor.
-Weapon Enchant Preference set to Poison.
-Armor Enchant Preference set to Magic.

Rogue
-Primary Weapon set to Light Crossbow.
-Body Armor set to Leather Armor.
-Weapon Enchant Preference set to Poison.
-Armor Enchant Preference set to Magic.

Solarus
-Primary Weapon set to Mace.
-Body Armor set to Chain Mail.
-Weapon Enchant Preference set to Fire.
-Armor Enchant Preference set to Magic.

Warrior
-Primary Weapon set to Short Sword.
-Body Armor set to Partial Plate Armor.
-Weapon Enchant Preference set to Arcane.
-Armor Enchant Preference set to Magic.

Warrior of Discord
-Primary Weapon set to Blade Stick.
-Body Armor set to Leather Harness.
-Weapon Enchant Preference set to Chaos.
-Armor Enchant Preference set to Magic.

Wizard
-Primary Weapon set to Gnarled Staff.
-Body Armor set to Robes.
-Armor Enchant Preference set to Intellect.

Item Changes
-The normal Enchanting and Blacksmith upgrades are reflected on the item in the Inventory screen.
-Each Blacksmith upgrade increases the Gold Value of an item by 25% of its base value.
-Each Enchantment upgrade increases the Gold Value of an item by 33% of its total value.
-Basic equipment will carry over Blacksmith and Enchantment levels when upgrading.
A piece of equipment valued at 10 Gold with full Blacksmith upgrades will increase in value to 18 Gold.
A piece of equipment valued at 10 Gold with full Enchantment upgrades will increase in value to 19 Gold.
A piece of equipment valued at 10 Gold with full Blacksmith and Enchantment upgrades will increase in value to 36 Gold.
-Magical or enchanted items now come with prefixes that modify their attributes based on the type of item it is and the type of modifier it has.

Here is how both the non-enchanted and enchanted variants of the equipment will appear in the hero's inventory.