Rainbow Hematite dissolves negativity in all forms, particularly useful during healing to ground high vibrational states. Rainbow Hematite returns negatively transmuted to love. Rainbow Hematite assists mental functioning, memory and development. Rainbow Hematite calms the mind and instils deep inner peace. Physically it has been used to keep the body cool, to decrease blood disorders, nervous problems and insomnia, as well as align the spine and mend broken bones. Hematite is associated with the root (base) chakra. . … Excellent for blood circulation and helps reduce leg and back pain. Also known as “The Stress Stone”. It is said to be effective in healing pain because it maintains the charge of nerve cells. Magnetic hematite will also regulate the blood flow in the body. It is also used to cure and relieve headaches and anemia. Additional physical benefits include relief from cramps, spinal problems and fractured bones.