In order to make Achievements worth doing perhaps they could have cosmetic awards?
How I'm thinking this would work would be when the achievement has been done the Knight receives a ticket for the accessory in question, they then take this ticket to a new NPC and hand the ticket in for an accessory of the desired colour scheme (Regal, Volcanic etc.) These accessories can not be unbound.
Example: A Player gets 'Master Swordsman' and receives his Scabbard ticket, deciding he wants to put the Scabbard on his Wolver Suit he goes to the Achievement NPC and exchanges the Scabbard Ticket for a Regal Scabbard.
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Accessories:
Scabbard (Armour Back): A larger (Calibur/Leviathan Blade Sized) version of the Parrying Blade that is worn diagonally across the Knight's back, so that the sword end is in reach of the Knight's weapon hand.
(Awarded from the 'Master Swordsman' achievement)
Bullet Bandolier (Armour Front): Similar to the Bomb Bandolier, but with bullets, you could even just re-use the model of the little cartridges that come out the Pepperboxes when you fire them.
(Awarded from the 'Master Gunslinger' achievement)
Fuse (Helmet Back): A fuse that sticks out the back of the helmet, similar to the ones on the Bombheads.
(Awarded from the 'Master Bombardier' achievement)
Gem Pouch (Armour Back): Similar to the Vitakit, but slightly larger and it has a few gems of various colours peeking out the top.
(Awarded from the 'Master Miner' achievement)
Prismatic Crest (Armour Front): A crest with a small glowing Chevron on it, similar to the ones worn by Feron and Vaelyn.
(Awarded from the 'Dauntless Delver' achievement)
Gentleman's Hat (Helmet): A Top Hat
(Awarded from the 'Mad Hatter' achievement)
Gentleman's Armour (Armour): Resembles 2-star Cobalt Armour, but has a tuxedo-ish colour scheme, goes with the Hat (above)
(Awarded from the 'Master Armorer' achievement)
Suggestions for more are always welcome!
1. We (kinda) already have this with badges from the HoH, but really only the last two look any good.
2. "Scabbard" has already existed since accessories came out. It's called the Side Blade http://wiki.spiralknights.com/Side_Blade
3. The "Master" achievements are a joke. You can just get 10 0* items in about half a minute.