Intel's smart MICA bracelet will cost pretty penny

Intel's MICA smart bracelet
Source: Intel
Intel's MICA smart bracelet

Intel revealed more details for its smart bracelet, including how much the high-fashion device will cost.

The MICA (My Intelligent Communication Accessory) will have wireless capabilities that will enable the wearer to text, receive Gmail notifications, as well as event info from Facebook and Google Calendar, Intel said Monday.

The device, which was engineered by Intel and designed by the fashion house Opening Ceremony, will retail for $495. The price includes two years of wireless AT&T data service provided by Intel.

Intel's MICA device
Source: Collier Schorr
Intel's MICA device

Unlike the Apple Watch, which is expected to become available early next year, the MICA will become available available before the holiday season in early December at select Barney's locations and at Opening Ceremony, as well at their online stores.

Read MoreIntel unveils its high-tech luxury smart bracelet

Another new feature the company revealed about the device is a personal concierge function called 'Time to Go' (TTG). The TTG function, which is powered by the navigation company TomTom, will send a vibration-based alert to the wearer for their next appointment. The device uses the wearer's location data as well as the location of the next appointment to determine when to send the alert.

Intel said users will be able to remotely access and lock the device, as well as locate it if it is lost.

It will also have two-day battery life and can be charged via a micro-USB charger.

Intel first announced its partnership with Opening Ceremony in January at the Consumer Electronic Show, and has slowly been trickling out details about the smart bracelet.

Read MoreIntel missed mobile, but won't miss wearables: CEO

In September during New York City Fashion Week, Intel and Opening Ceremony showed off two models featuring a curved 1.6-inch sapphire glass touchscreen, 18K gold coating, snakeskin and semiprecious stones.

While the MICA is aimed at the more affluent consumer, Aysegul Ildeniz, Intel's vice president of business development and strategy in the new devices group, said Intel's technology in the device could also be used to create fashionable wearables for a lower cost.

Smart-device makers are increasingly trying to make their wearable devices fashionable.

Apple's Watches range in style from sporty to luxurious and FitBit has partnered with Tory Burch to offer a more stylish fitness tracker.