diff --git a/apps/openmw/mwgui/itemmodel.cpp b/apps/openmw/mwgui/itemmodel.cpp
index 59b54e171d..17f787dcb1 100644
--- a/apps/openmw/mwgui/itemmodel.cpp
+++ b/apps/openmw/mwgui/itemmodel.cpp
@@ -2,6 +2,11 @@
 
 #include "../mwworld/class.hpp"
 #include "../mwworld/containerstore.hpp"
+#include "../mwworld/store.hpp"
+#include "../mwworld/esmstore.hpp"
+
+#include "../mwbase/world.hpp"
+#include "../mwbase/environment.hpp"
 
 namespace MWGui
 {
@@ -15,6 +20,39 @@ namespace MWGui
     {
         if (base.getClass().getEnchantment(base) != "")
             mFlags |= Flag_Enchanted;
+
+        static std::set<std::string> boundItemIDCache;
+
+        // If this is empty then we haven't executed the GMST cache logic yet; or there isn't any sMagicBound* GMST's for some reason
+        if (boundItemIDCache.empty())
+        {
+            // Build a list of known bound item ID's
+            const MWWorld::Store<ESM::GameSetting> &gameSettings = MWBase::Environment::get().getWorld()->getStore().get<ESM::GameSetting>();
+
+            for (MWWorld::Store<ESM::GameSetting>::iterator currentIteration = gameSettings.begin(); currentIteration != gameSettings.end(); ++currentIteration)
+            {
+                const ESM::GameSetting &currentSetting = *currentIteration;
+                std::string currentGMSTID = currentSetting.mId;
+                Misc::StringUtils::toLower(currentGMSTID);
+
+                // Don't bother checking this GMST if it's not a sMagicBound* one.
+                if (currentGMSTID.find("smagicbound") != 0)
+                    continue;
+
+                // All sMagicBound* GMST's should be of type string
+                std::string currentGMSTValue = currentSetting.getString();
+                Misc::StringUtils::toLower(currentGMSTValue);
+
+                boundItemIDCache.insert(currentGMSTValue);
+            }
+        }
+
+        // Perform bound item check and assign the Flag_Bound bit if it passes
+        std::string tempItemID = base.getCellRef().getRefId();
+        Misc::StringUtils::toLower(tempItemID);
+
+        if (boundItemIDCache.count(tempItemID) != 0)
+            mFlags |= Flag_Bound;
     }
 
     ItemStack::ItemStack()
diff --git a/apps/openmw/mwgui/itemmodel.hpp b/apps/openmw/mwgui/itemmodel.hpp
index 21c5477d0b..c1b243a761 100644
--- a/apps/openmw/mwgui/itemmodel.hpp
+++ b/apps/openmw/mwgui/itemmodel.hpp
@@ -26,7 +26,8 @@ namespace MWGui
 
         enum Flags
         {
-            Flag_Enchanted = (1<<0)
+            Flag_Enchanted = (1<<0),
+            Flag_Bound = (1<<1)
         };
         int mFlags;
 
diff --git a/apps/openmw/mwworld/worldimp.cpp b/apps/openmw/mwworld/worldimp.cpp
index 66fe13e067..b27560eab6 100644
--- a/apps/openmw/mwworld/worldimp.cpp
+++ b/apps/openmw/mwworld/worldimp.cpp
@@ -2502,7 +2502,7 @@ namespace MWWorld
         if (!selectedSpell.empty())
         {
             const ESM::Spell* spell = getStore().get<ESM::Spell>().search(selectedSpell);
-	    
+
 	    // A power can be used once per 24h
 	    if (spell->mData.mType == ESM::Spell::ST_Power)
 	        stats.getSpells().usePower(spell->mId);