Hi There,
the model looks fine to be honest. You might want to have a look into rendering with either mental Ray, Maxwell or V ray if you want to make the object realisitc as these render engines offer very good options for raytracing, global illumination, FG, IBL etc.
If you have not rendered before and are now then I would have a look a the Maya software renderer, its simple and will get you going before going into a more complex render software.
"No pressure, no diamonds" Thomas Carlyle