Ring of Counterspells
The Ring of Counterspells is a magical item that allows you to negate magical attacks against you.
To use it, you transfer a chosen amount of Mana into the ring. Thereafter, when you ready an action to counterspell, you may negate a spell that targets you by expending 1 Mana, plus the Mana cost of the offending spell (if any).
If you are counterspelling a power that you yourself have, you gain a 1 point discount on the Mana cost of the counterspell.