It is a bracelet with +1 Wisdom, 2 enchantments and other random bonuses (on level 13 I got +31 hit points and 2 charm slots). I figured the Wisdom bonus would be better than a one time smallish chunk of experience, and am still using it on level 33 (I have a better bracelet I can use if I start running into trouble, but until then I might as well keep the Wisdom bonus).
