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The current level 70 equipment, to honestly say, isn't very good. My statement is justified by the absence of people wearing it. Here are my ideas for equipment.
Ice: power-chill hat +400 health 5% accuracy, 15% ice dmg, 15% resist, 70 ice crit. 7 incoming, 1 piercing, gives 2 iceblade +45%
power-chill robe +600 health 5% accuracy, 17% ice dmg, 15% resist, 50 ice crit, 30 block, 7% incoming, 2 piercing, gives 2 collosal +300
power-chill shoes +200 health, 5% accuracy, 11% ice dmg, 12% resist, 40 block, 7 incoming, 1 pierce.

Fire: mega-flame hat +300 health 8% accuracy, 19% fire dmg, 12% resist, 90 fire crit, 7 incoming, 2 piercing, gives 2 fireblade +40%
mega-flame robe +400 health, 10% accuracy, 21% fire dmg, 15% resist, 50 fire crit, 20 block, 7 incoming, 3 piercing, gives 2 collosal +300
mega-flame shoes, +150 health, 7% accuracy, 17% fire dmg, 10% resist 35 block, 7% incoming, piercing 1%

Storm: raging thunder hat +240 health, 10% accuracy, 26% storm dmg, 10% resist, 90 storm crit 6% incoming, piercing 2% gives 2 stormblade +35%
raging thunder robe +265 health,10% accuracy, 30% storm dmg, 15% resist, 60 storm crit, 15 block, 5% incoming, piercing 4% gives 2 collosal +300
raging thunder shoes +130 health, 10% accuracy, 25% storm dmg, 8% resist 25 block, 7% incoming, piercing 1%

Life: hyper-spirit hat +350 health, 20% life dmg, +3% power pip, 12% resist, 70 life crit, +7 incoming, 1% piercing, gives 2 lifeblade +45%
hyper-spirit robe +400 health, 24% life dmg, +11% power pip chance, 15% resist, 45 life crit 20 block, +5% incoming 2 piercing, gives 2 collosal +300
hyper-spirit shoes +170 health, 11% power pip chance, 18% life dmg, 8% resist, 40 block, 7% incoming, 1% piercing,
Myth: Mystic hat +300 health, 8% accuracy, 18% myth dmg, 14% resist, 80 myth crit 8% incoming, 2 piercing, gives 2 mythblade +40%
mystic robe +400 health, 8% accuracy, 22% myth dmg, 15% resist, 55 myth crit, 20 block, 7% incoming, 3% piercing gives 2 collosal +300
Mystic shoes +150 health, 7% accuracy, 17% myth dmg, 11% resist 37 block, 7% incoming, piercing 1%
Death: burning soul hat +290 health, 11% pip chance, 22% death dmg, 13% resist, 88 death crit, 6% incoming, piercing 2% gives 2 deathblade +45%
burning soul robe +410 health, 11% pip chance, 27% death dmg 15% resist, 50 death crit, 22 block, 4% incoming, 3% piercing, gives 2 collosal +300
burning soul shoes +160 health 7% pip chance, 18% death dmg, 9% resist, 40 block, incoming 7% piercing 1%
Balance: peaceful hat +340 health, 11% pip chance, 21% balance dmg, 12% resist, 70 balance crit 7% incoming, 1% piercing, gives 2 balenceblade +30%
peaceful robe +420 health, 11% pip chance, 24% balance dmg, +15% resist, 40 balance crit, 20% block, 5% incoming, 3% piercing, gives 2 collosal +300
peaceful shoes +150 health, 11% pip chance, 17% balance dmg, 9% resist, 38 block, 6% incoming, piercing 1%

As you might be able to see, these are simply superior versions of the level 60 gear, I might have been a little unfair, but you get the idea.