See screenshot below. 1st upgrade takes 8 hrs.
This is the 2nd socket upgrade. 1day or 24hrs. FYI only. :-)
http://img.tapatalk.com/d/13/11/19/5ysy3yru.jpg
3rd socket upgrade will take 2days or 48hrs.
http://img.tapatalk.com/d/13/11/19/9adybehy.jpg
Completed upgrade. ( unfortunately, all normal bonds. haha.)
http://img.tapatalk.com/d/13/11/19/3ybybe2a.jpg
Sample loot of an essence (glacial essence)
http://img.tapatalk.com/d/13/11/19/hapaqeju.jpg
New UI
http://img.tapatalk.com/d/13/11/19/6ahyvy4u.jpg