Our "hematite" beads are actually a simulated material virtually identical to real hematite. It even has the same chemical composition - both genuine and simulated hematite are iron oxide. It looks and reacts to tests very much like natural hematite - it is hard to them apart. Natural hematite is rare and expensive. These beads are made from hematite pieces and dust that have been ground up and fused into shape. Man-Made Hematite is often magnetized and used in magnetic therapy jewelry.
The iron content in magnetic hematite can cure blood pressure disorders and kidney problems, according to Semi-precious-stone.com. It is said to be effective in healing pain because it maintains the charge of nerve cells.