Hematite beads are usually manufactured in China and sold by dealers at mineral shows. They are widely available and inexpensive.
Hematite has been known to mankind for thousands of years as a source of iron, which makes it useful for decoration as well as for its high-value jewelry and ornamental use because of its shiny luster. In fact, the traditional Chinese name for hematite is “red jade”. It is an important ore of iron, and its metallic luster and the fact that it does not interact with a magnetic field in the same way as many minerals make it a valuable addition to mineral collections.ls such as goethite or hematitic ochre, but also in masses or aggregates.