Hematite's shine can give a subtler (and less expensive) sparkle than silver to your jewelry, but stick to smaller sizes because larger ones get quite heavy.
It's popular for men's jewelry
When polished this stone was used as an early mirror, but when cut very thin it shows up as red, hence the origin of the name, Greek for blood.
Although know since Babylonian times, Hematite was only popular during the Middle Ages, and later during the Victorian Age as mourning jewelry.
Today it's made into highly polished beads in a variety of shapes and sometimes also magnetized.
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