The Nokia Lumia smartphone could soon help you locate important items that are lost. The Finnish tech giant reportedly plans to unveil a proximity sensor gadget for their current lineup of Lumia smartphones. This was initially reported by The Verge who cited sources knowledgable with the company’s plans.

Nokia Lumia 625

Nokia introduce new gadget

The new gadget would be called Treasure Tag, and it could be attatched to a variety of items including a car, bicycle, purse, or wallet. You can then track down the direct location of the item with your phone utilizing Bluetooth or NFC (near-field communication). Like a detector, the Treasure Tag would produce a sound to pinpoint the spot. Since the tag is always on, the battery it’s equipped with will need to be changed every six months.

This new gadget would be one of the first new accessories for the new Nokia Lumia lineup of smartphones with Bluetooth 4.0.

Treasure Tag is similar to the iOS device sensor Tile, which is also a small gadget that can be attached to almost any item to help you find your lost items with your iPhone. This device is available for pre-order of $24.95.

The Verge explained Treasure Tag is designed to be “always on,” and includes a battery that will last for around six months of use. Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) is updating its Lumia Windows Phones with Bluetooth 4.0 support, and the Treasure Tag will be one of the first accessories to make use of the new Low Energy support. We’re told that Treasure Tag will debut in the coming weeks, once Nokia starts to roll outs its Amber update that includes Bluetooth 4.0 support. We understand that Nokia is also planning additional accessories that make use of the upcoming Bluetooth update to Lumia Windows Phones.

If Apple Inc. (NASDAQ:AAPL) already has a similar device, it’s highly unlikely Treasure Tag will help renew interest in the Lumia smartphone.