diff --git a/paper-api/src/main/java/org/bukkit/inventory/ItemStack.java b/paper-api/src/main/java/org/bukkit/inventory/ItemStack.java
index 8c9654cd19..bfefc5299c 100644
--- a/paper-api/src/main/java/org/bukkit/inventory/ItemStack.java
+++ b/paper-api/src/main/java/org/bukkit/inventory/ItemStack.java
@@ -710,6 +710,17 @@ public class ItemStack implements Cloneable, ConfigurationSerializable, Translat
         return Bukkit.getServer().getItemFactory().displayName(this);
     }
 
+    /**
+     * Gets the effective name of this item stack shown to player in inventory.
+     * It takes into account the display name (with italics) from the item meta,
+     * the potion effect, translatable name, rarity etc.
+     *
+     * @return the effective name of this item stack
+     */
+    public net.kyori.adventure.text.@NotNull Component effectiveName() {
+        return this.craftDelegate.effectiveName();
+    }
+
     /**
      * Minecraft updates are converting simple item stacks into more complex NBT oriented Item Stacks.
      *
diff --git a/paper-server/src/main/java/org/bukkit/craftbukkit/inventory/CraftItemStack.java b/paper-server/src/main/java/org/bukkit/craftbukkit/inventory/CraftItemStack.java
index 78975412da..738d7bf304 100644
--- a/paper-server/src/main/java/org/bukkit/craftbukkit/inventory/CraftItemStack.java
+++ b/paper-server/src/main/java/org/bukkit/craftbukkit/inventory/CraftItemStack.java
@@ -467,6 +467,13 @@ public final class CraftItemStack extends ItemStack {
         return true;
     }
 
+    // Paper start - add ItemStack#effectiveName
+    @Override
+    public net.kyori.adventure.text.Component effectiveName() {
+        return this.handle == null ? net.kyori.adventure.text.Component.empty() : io.papermc.paper.adventure.PaperAdventure.asAdventure(this.handle.getStyledHoverName());
+    }
+    // Paper end - add ItemStack#effectiveName
+
     @Override
     public boolean isSimilar(ItemStack stack) {
         if (stack == null) {