question about mechanism of BLueflame Bracers Goldcast Cuffs

"Blueflame Bracers Goldcast Cuffs adds intelligence and fire and cold resistances while converting all fire damage to cold damage."


if my wand has xx% increased fire damage - both says fire damage, so will be increased cold damage in the end?

anyone has tested this? dont wanna spend div on weapon and see its not working..^^