Hematite is an unusual metallic looking stone that is named after the Greek word for blood. This is because a red dust is given off by the stone when it is cut and polished.  Hematite forms in small nodular shapes and once polished produces a beautiful almost metallic finish. This metallic finish occurs since the stone is an iron ore, the stone itself is over 70% iron. Don't worry though, hematite cannot rust. 

Hematite is found in a variety of locations in Canada including Quebec, Ontario, British Columbia and the Yukon Territory. The nickname for hematite is "Black Diamond".