Precious stones are the most beautiful and valuable of all the gemstones. Their colors are vibrant, translucent and brilliant. These natural crystals are also durable, but at the same time rare, and they can be used to create both jewelry and accessories.
Hematite also spelled as haematite, is the mineral form of iron (III) oxide (Fe2O3). It forms a complete solid solution at temperatures above 950 °C (1,740 °F). Hematite is a mineral, colored black to steel or silver-gray, brown to reddish brown, or red. Huge deposits of hematite are found in banded iron formations. Gray hematite is typically found in places that can have still standing water or mineral hot springs. Hematite can also occur without water, however, usually as the result of volcanic activity.