Psifon said:Craft Ring - Less versitile, but some of the most powerfull items in the game, including spell storing, evasion and a few other sweet items (no my DM will not let me duplicate the effects of these items with wonderous items, he's a better DM than that)
Orco42 said:I'd would not go for a ring because any power of a ring can be put into a wonderous item for the same price.
Johno said:Wands are great... for non-offensive spells. The DC for offensive spells is set to the minimum to be able to cast the spell, and nothing in 3e will raise that.

(Dungeons & Dragons)
Rulebook featuring "high magic" options, including a host of new spells.