Item Identification is a skill used to identify Weapons and Armor to reveal hidden properties. Item Identification is used similarly to the Arms Lore skill. However, Arms Lore focuses on providing information for already-identified items.
To identify an Unidentified Object, Press K to open your skill window and drag the Item ID skill icon to your hotbar or use directly from the skill window. If successful, the contents of the unidentified object will be revealed, and the new item will display updated information.
A players chance to successfully identify an object is directly correlated to his/her Item Identification skill level.
A Grandmaster (100.0 skill) will have much higher success rate to identify as opposed to a Novice (40.0). This is the same for any magic item regardless of the item's rarity. For example, a Force weapon (+5) has the same chance to be identified as a Vanquishing weapon (+9). Players with cero skill can still identify items, but they will fail very, very often.