Hematite is a very important stone. Hematite aids us in life and gives us courage and power. Hematite also strengthens concentration and memory. Hematite is magnetic and this can help with balance. Hematite can dissolve negative emotions and help us find the bright side. Conditions like anemia are helped by wearing hematite jewelry. Hematite supports the kidneys and regenerates tissue. Leg cramps, anxiety and insomnia can all be helped by wearing hematite.