Haematite (often spelled hematite) takes its name from the Greek word "haima", meaning blood, because it tends to show red streaks when rubbed against a harder substance.
Healers use haematite to cleanse the blood and treat other blood disorders, including high blood-pressure. It draws out inflammation, eases pain and is particularly good for the liver and kidneys.
It's said to be very grounding, calming and helpful in lifting depression. It aids intuition, improves memory, focuses the intellect and dissolves negativity.