Hello y'all. I had a few questions I was hoping to get cleared up about the item icons in my inventory. It seems a bit different here in ff14arr than in the mmo's i have played in the past.

1) What are the colored dots on the upper right hand corner of the item icon's picture in my inventory? I mostly see it with gear in the armor chest.

2) Today while running my first instance (Satasha?) I was lucky enough to be awarded two pieces of gear. One of them has a pink background in the item picture and the item's name is in a pink font (It's a short-bow) and another was a set of gloves with a green background and green font . I assume these are levels of rarity but you know what assuming gets you.