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Chronocharm of the uncaring archmage

(Magic Item Compendium, page 86)

Price (Item Level): 500 gp (3rd)
Body Slot: Throat
Caster Level: 9th
Aura: Moderate; (DC 19) transmutation
Activation: Swift (command)
Weight:

A bloodstone eye stares forth from this pentagonal trinket.

A chronocharm of the uncaring archmage alters your perception of time, allowing you to cast a single spell more quickly. When it is activated, the next spell of 3rd level or lower you cast that has a casting time of 1 full round can be cast as a standard action instead. If you don’t cast such a spell by the end of your turn, the effect fades.
This ability functions once per day.

CHRONOCHARM

A chronocharm occupies the throat body slot, but it can be worn simultaneously with any number of other chronocharms, which all function normally. However, you can’t wear more than one of the same chronocharm.
You must wear a chronocharm for 24 hours before you can access its abilities.
If it is taken off, it becomes inactive until worn for an additional 24 hours.

Prerequisites: Craft Wondrous Item, Quicken Spell.
Cost to Create: 250 gp, 20 XP, 1 day.