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Ioun stone, pale lavender ellipsoid

(Dungeon Master's Guide v.3.5, page 260)

Price (Item Level): 20,000 gp (15th)
Body Slot: Head (floats within 3 feet of their owners head, doesn't occupy a slot)
Caster Level: 12th
Aura: Moderate; (DC 21) varies
Activation:
Weight:

These crystalline stones always float in the air and must be within 3 feet of their owner to be of any use. When a character first acquires a stone, she must hold it and then release it, whereupon it takes up a circling orbit 1d3 feet from her head. Thereafter, a stone must be grasped or netted to separate it from its owner.

The owner may voluntarily seize and stow a stone (to keep it safe while she is sleeping, for example), but she loses the benefits of the stone during that time. Ioun stones have AC 24, 10 hit points, and hardness 5.
Absorbs spells of 4th level or lower. After absorbing twenty spell levels, the stone burns out and turns to dull gray, forever useless.
The pale lavender stones work like a rod of absorption, but absorbing a spell requires a readied action, and these stones cannot be used to empower spells.

Prerequisites: Craft Wondrous Item, creator must be 12th level.
Cost to Create: 10,000 gp, 800 XP, 20 days.