Hematite helps to absorb negative energy and calms in times of stress or worry. Hematite is a very protective stone and is great to carry to help you stay grounded in many situations. Hematite is also good for working with the Root Chakra, helping to transform negative energies into a more positive vibration. Those in relationships can benefit from the cooperation vibe coming from Hematite.
Hematite can help one to find their own, unique gifts and to release self-imposed limitations, while still maintaining a healthy amount of self-control. Hematite aids in the Ascension process, by facilitating the integration of higher spiritual energies into our physical 3-D existence. This allows those who are doing spiritual work to still be able to function in the physical world and relate to others.
Carry Hematite when in need of balance and equilibrium, or when having difficulty focusing energies. Hematite is also said to be useful in legal situations, and is thought to strengthen self-confidence.
Physically, Hematite is also used to protect against geopathic stress and electromagnetic smog, and is said to be a great detoxifying stone, helpful for the liver and the blood.
Caution: Natural Hematite may contain a very slight magnetic charge. Please check with your doctor before working with this crystal if you wear a pacemaker. Items marketed as "Magnetic Hematite" are not actually Hematite at all and should be avoided by those wearing a pacemaker.
Source: Healing Crystals