Buy Hematite from Crystals By Nature. Hematite is mostly known and used for grounding or stabilizing, providing the utmost protection while supporting healing. Hematite, also spelled Haematite, is an ore of iron that has been used as a pigment for over 40,000 years. With a shiny metallic gray color, Hematite is often heave and has a distinctive presence that looks like no other stone in the mineral world. Hematite is a highly popular healing stone for blood-related disorders, known to relieve cramps, fevers, and other health-related issues.