refinishing and new inlays and binding
If i remember correctly, jewel blue wasn't really an interference finish. It was more of a really deep pearl blue. Not quite metallic, not really a candy-apple finish either. But beautiful nonetheless. I always loved jewel blue on the Radius model guitars.
If you're thinking of one of those interference/"flip-flop"/prismatic paints, be prepared for a big shock. Those paints cost hundreds of dollars for just tiny amounts. And they probably have to be applied by a pro with good technique and good equipment to get acceptable results.
Getting rid of the dot inlays is mainly a matter of drilling out the dots on a drill press and then filling the holes with rosewood plugs. Any inlay job really needs to be done in conjunction with a refret, because the inlays need to be sanded flush with the fretboard, and that's really difficult to do with the frets in place.
Same goes for binding. You have to remove the frets, rout channels for the binding, glue the binding in, then sand and scrape it flush with the fretboard and edges of the neck, then you have to re-install the frets and quite likely refinish the headstock.
As you can see, inlay work and binding are much easier to execute when done while the guitar is being made, rather than trying to retrofit those things onto a finished instrument.