The tentative names for revised equiptment are as such: Felt Robe (increases Attack Magic Potency), item name (increase attribute), etc.
The suggestion would be to use the names of or similiar to names of the current materia, such as Wise Man, Bloodthrist, Sagacious, Savage, Dexterity, Mind.

suggestion example: Felt Robe (Hell's Fist) or something similar.

P.S. Yoshi-P and Team, well done and keep up the work