Ruby / Corundum:
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.
Ruby / Corundum is a crystalline form of aluminum oxide (Al2O3) typically containing traces of iron, titanium, vanadium and chromium. It is one of the naturally transparent materials, but can have different colors when impurities are present. Transparent specimens are used as gems, ruby if red and padparadscha if pink-orange. All other colors are called sapphire, e.g., "green sapphire" for a green specimen. Because of corundum's hardness (pure corundum is defined to have 9.0 Mohs), it can scratch almost every other mineral.