Enchant Magic Item

Magic drawn from the warp and weft of the universe infuses the item you hold in your hands.

Component Cost: Special
Market Price: 175 gp
Key Skill: Arcana (no check)
Level: 4
Category: Creation
Time: 1 hour
Duration: Permanent

You touch a normal item and turn it into a magic item of your level or lower. The ritual’s component cost is equal to the price of the magic item you create. Alternatively, you can use the ritual to upgrade a common, uncommon, or rare item to a more powerful version of the item that is 5 levels higher. The new version must be your level or lower, and the component cost equals the difference in gold piece value between the old version and the new.
    You can also use this ritual to resize magic armor (for example, shrink a fire giant’s magic armor to fit a halfling). There is no component cost for this use.

Update (11/17/2010)
Add the text below to the end of the first paragraph of the ritual’s effect text.

Published in Player's Handbook, page(s) 304.