Those are interesting questions. I’ve never thought of them. I mean, why would you “downgrade” on the receptical of the Blood of Christ. I would think you would want something valuable an ornate. Anyway, here is what I found on the Chalice. Maybe someone can post more complete information, if there is any available:
newadvent.org/cathen/03561a.htm
*According to the existing law of the Church the chalice, or at least the cup of it, must be made either of gold or of silver, and in the latter case the bowl must be gilt on the inside. In circumstances of great poverty or in time of persecution a calix stanneus (pewter) may be permitted, but the bowl of this also, like the upper surface of the paten, must be gilt. Before the chalice and paten are used in the Sacrifice of the Mass they require consecration. This rite is carried out according to a form specially provided in the “Pontificale” and involving the use of holy chrism. The consecration must be performed by a bishop (or in the case of chalices intended for monastic use, by an abbot possessing the privilege), and a bishop cannot in an ordinary way delegate any priest to perform this function in his place. Further, if the chalice lose its consecration — which happens for example if it be broken or the cup perforated, or even if it has had to be sent to have the bowl regilded—it is necessary that it should be reconsecrated by the bishop before it can again be used. Strictly speaking, only priests and deacons are permitted to touch the chalice or paten, but leave is usually granted to sacristans and those officially appointed to take charge of the vestments and sacred vessels. *
As to the wine, the last time I was handed the Cup, I thought the one used by my church was light rose? I didn’t know it
had to be red. In fact, I’m sure that the churches I’ve attended have used a light rose in the past.
I’m sure someone with better knowledge on this can help us out
