I never found anything definitive on enchanting in the game, but you can for example use pixie dust to create a magic needle and use it on Leather Scraps... the only problem is that nothing happens when I do that. So there might be a way to create Magical Items, but its either not finished yet, or wont be in the game after-all.
It would be weird though if this wasn't in the game, since it would make crafting anything but consumables pointless.
