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Ring of Divine Magic - Fortifies Magicka Regeneration

Creates a Ring of Divine Magic inside the Riverwood Trader (top floor, on the table to your right as you come up from the stairs). This ring gives 10,000% magicka regeneration, perfect for being able to cast spell after spell with little downtime. There is also a small delay between when you stop casting and when any magicka regeneration kicks in, giving it a small balancing element.

Update 2/28/12: There is now a second copy of the ring that can be found in the first dungeon (Helgen Keep) where you have your very first fight after being cut free of your bonds on a table next to a dead rebel soldier. This was to allow new characters the opportunity to start with the ring right away, as apposed to waiting through the tutorial areas first. Also, the ring's enchantment is now possible to place on any piece of equipment or clothing that normal magicka regeneration could be put on, so that if you disenchanted the ring (which is enough to bring me from about 20 to 80 enchanting skill, just so you know), you can still put the enchantment back on a different object, should you so desire.