- Consortium Prince's Wrap
- Binds when picked up
- Cloth
- Waist
- 75 Armor
- Durability 30 / 30
- Equip: Increases damage and healing done by magical spells and effects by up to 30.
Equip: Increases your spell penetration by 20.
Equip: Improves your spell critical strike rating by 22.
Source
This item is a quest reward from the Consortium quest 
[66D] Someone Else's Hard Work Pays Off.