The invention is for a lace gripper comprising an upper body and a lower body that may be joined together whereby a tied lace is secured between the two bodies. Preferable the upper body is designed to receive inserts, charms, lights, recording devices, alarm and locating audible signals and locating devices, to allow the user to customize the lace gripper to their personal preference. The lace gripper can additionally be utilized to maintain a memo and would be secured to an object of daily use, such as a key ring or purse.