Carving chains out of solid blocks of wood is a time-honored whittling pastime, and we need more gilds, so why not? Quality would be determined by dex and carpentry, and the quality of the resulting chain could have the potential to surpass that of the original block of wood, as with sticks made by splitting with high-q axes.
The gild would add a small bit to int or agility or something, and debuff stealth.