• Watchful Eye of Fate
• Item Level 226Disenchants into:
  [Abyss Crystal]: 1-2
• Binds when picked up
• Neck
• +51 Stamina
  +36 Intellect
  +37 Spirit
• Yellow Socket
• Socket Bonus: +4 Critical Strike Rating
• Requires Level 80
• Equip: Improves haste rating by 40.
  Equip: Increases spell power by 74.
• Sell Price: 7 56 23

Source

This item drops from Assembly of Iron on hard mode in the 10-man version of Ulduar.

Notes

As there already was a [Watchful Eye] in the game, this item's name was changed in Patch 3.2.0.

Patch changes

• Patch 3.1.0 (14-Apr-2009): Added. 
  
• Patch 3.2.0 (04-Aug-2009): Name changed from Watchful Eye to Watchful Eye of Fate. 
  

External links

• Battle.net (EU)
• Wowhead
• Thottbot
• WoWDB