No, but magical powers are bestowed on items via the enchanted tags (on the pommel for weapons, in the back of the collar for armor, etc.), and the tags spell out the powers the item has as well as the proper way they should be washed and the "Made in Mordor" imprint.
As for why you do "when stepped on" instead of "when adjacent to", it's at least in part because otherwise artifacts would be recognized (and thus eligible to be lost) before the player has a chance to grab them. If you're in a massive melee with a pit of orcs and suddenly Azriel (or, uh, whichever Maiar replaced him) comes around the corner, you're going to be peeved if you're forced to bail and be unable to pick up that artifact that one of the orcs dropped. At least if it's only things you're standing on, you have the choice of sticking around for precisely one turn to grab the item before running.
As for why you do "when stepped on" instead of "when adjacent to", it's at least in part because otherwise artifacts would be recognized (and thus eligible to be lost) before the player has a chance to grab them. If you're in a massive melee with a pit of orcs and suddenly Azriel (or, uh, whichever Maiar replaced him) comes around the corner, you're going to be peeved if you're forced to bail and be unable to pick up that artifact that one of the orcs dropped. At least if it's only things you're standing on, you have the choice of sticking around for precisely one turn to grab the item before running.
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