Hematite is polished oxide of iron. One of the most grounding of all stones. It has a positive effect on the bloodstream and increases resistance to stress. Egyptians used it to calm hysteria and anxiety. As a stone of Uranus, it promotes the inventive mind and gives direction and grounding to new ideas. Hematite is said to have a positive effect on the bloodstream and increase resistance to stress.
Magnetic hematite is primarily natural hematite (iron oxide) mixed with highly metallic alloys to increase the natural magnetism. These materials have been heated and blended together, then exposed to an electromagnet to give it permanent magnetism.