I had enough for the 50k item, so I decided to start with that, since it's less likely any other alchemists would have the GP.
http://oi54.tinypic.com/2vumw69.jpg
http://oi51.tinypic.com/2z9ktxv.jpg
http://oi53.tinypic.com/303cz5t.jpg
http://oi56.tinypic.com/34sp5j5.jpg
It looks cool, but my moglification didn't change. Worth noting that the item is rare/ex, which leads to me believe two possibilities.
1) It's just a furnishing. A way to turn GP into gil to sell to other people (who won't care enough to buy it anyways
or
2) When combined with the new synergized booth, you'll get an additional bonus (not likely since I believe people have reported the booth alone does some new moglification).
It'll be a few days before I can make the 15k GP for the emblem, but I'll update this thread when I get the booth made.