Black Hematite Gemstone Crystal Tower Pencil Point Obelisk Healing Wand Stick Small Medium Large Size Wholesale for Business Gift Manufacturer supplier Exporter Wholesaler from Jaipur, Rajasthan, India Hematite History Hematite, also known as iron oxide, has been used by humans for thousands of years. It was used in ancient Egypt for cosmetics and jewelry, and in ancient China for decorating pottery. The ancient Greeks and Romans also used hematite for jewelry and as a seal stone. In the Middle Ages, it was believed that hematite had medicinal properties and was used to stop bleeding. Hematite was also used in the industrial revolution as a source of iron for the production of steel. Today, it is still used in the production of iron and steel, but it is also used in jewelry, paint, and as a pigment in ceramics.