I had three amulets :
Amulet of Haste (incredibly useful!)
Amulet of Inversion
Amulet.
Having three, I decided that I could fool around with the third one since I had some Potions of Dissolution on hand. I dunked it into a potion of death, returned to my inventory and saw that I had
Amulet of Life Increase
Amulet of Inversion
Amulet of Undeath.
At first I thought that it'd be a +10 max HP amulet or something. Not so! It creates a 'increase life' effect every 20 turns for 1400 turns. I put it on, and as I'm wandering around I get "You get tougher!" / "Perhaps you're building up a resistance?" notes every so often. I'm still slightly peeved that I lost my Amulet of Haste, but an amulet that perpetually increases my max health seems to be a good trade-off, if broken.