"high quality"?
You convert material of one sort into a product that is of the same material. Creatures or magic items cannot be created or transmuted by the fabricate spell. The quality of items made by this spell is commensurate with the quality of material used as the basis for the new fabrication. If you work with a mineral, the target is reduced to 1 cubic foot per level instead of 10 cubic feet.
You must make an appropriate Craft check to fabricate articles requiring a high degree of craftsmanship.
Nowhere does it mention "high quality".
In the first paragraph it mentions that the item made will be of the same quality as the materials. You cannot make a marble counter top out of a pile of rocky dirt. You cannot make a mahogany door out of a stack of redwood. Etc.
In the second paragraph it mentions that you need a skill check to make items with high craftsmanship.
I'm assuming you're asking about that second paragraph. If so, then yes, "high craftsmanship" would probably include masterwork items. I say "probably" because the devs deliberately left this vague ("high craftsmanship" is not a defined game term) so that each GM could decide what it means for his gaming group.
In short, ask your GM.
But it seems to me that you could take a pile of marble chunks and fabricate a simple counter top but not a replica of the statue of David. Likewise, a pile of steel could be turned into a greatsword but not a masterwork greatsword.
Who the hell makes a bell?
Bellmakers.
Like this guy[/url.
And url=https://en.wikipedia.org/wiki/Yemelyan_Danilov]this guy.
I would expect anything masterwork to be 'high quality', but there could also be things that require 'high quality' without being masterwork. For example, both masterwork and non-masterwork bells might require high craftsmanship.