Making Light

Once you finish Magnus' Cruising the Crystal Realm quest, he will give you this three-part questline. I'm not sure if he would give it to you if you were not yet at Level 43, but you definitely need to be Level 43 or higher to complete it.

Note that, if you can time it such that you are working on Part 2 of Ball Gazing at the same time as Part 2 of this quest, you can knock out the Prismatic Lily requirement for both of them at the same time.

In addition, you might want to save the two Foxfire Potions that you make for Part 1 of this quest, so that they will count toward the four Foxfire Potions you need for Part 3 of Ball Gazing.

Once you successfully finish this questline, Magnus will hand out the Silk, Spice & Diamonds quest.

Part 1 of 3

Quest Requirements:
Gather 4 Foxfire
Create 2 Foxfire Potions
Brew 1 Spirit Elixir

Quest Rewards:
10,000 XP

Part 2 of 3

Quest Requirements:
Gather 2 Rainbow Essence
Find 1 Prismatic Lily
Concoct 1 Prismatic Potion

Quest Rewards:
15,000 XP

Part 3 of 3

Quest Requirements:
Make 2 Dragonwing Torches
Get 3 Axes
Send Magnus to cast a spell at the Fairy Falls

Quest Rewards:
2 Crowns

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