Ioliteis a magnesium iron aluminium cyclosilicate. Iron is almost always present and a solid solution exists between Mg-rich cordierite and Fe-rich sekaninaite with a series formula: (Mg,Fe)2Al3(Si5AlO18) to (Fe,Mg)2Al3(Si5AlO18).
The name "iolite" comes from the Greek word for violet. Another old name is dichroite, a Greek word meaning "two-colored rock", a reference to iolite's strong pleochroism. It has also been called "water-sapphire" and "Vikings' Compass" because of its usefulness in determining the direction of the sun on overcast days, the Vikings having used it for this purpose.This works by determining the direction of polarization of the sky overhead. Light scattered by air molecules is polarized, and the direction of the polarization is at right angles to a line to the sun, even when the sun's disk itself is obscured by dense fog or lies just below the horizon.
Gem quality iolite varies in color from sapphire blue to blue violet to yellowish gray to light blue as the light angle changes. Iolite is sometimes used as an inexpensive substitute for sapphire. It is much softer than sapphires and is abundantly found in Australia (Northern Territory), Brazil, Burma, Canada (Yellowknife area of the Northwest Territories), India, Madagascar, Namibia, Sri Lanka, Tanzania and the United States (Connecticut).
Excellent stone for meditation and astral travel. Helps one grow spiritually in a gentle fashion. Considered a very strong "Shaman" stone and can stimulate clear psychic visions.