Iolite is the gem version of the mineral Cordierite. Iolite is often called water sapphire for its shimmering indigo color. It is often found in India and Sri Lanka in gravel beds in the form of water-worn pebbles. Iolite crystals are vision stones, clearing thoughts and opening intuition. Iolite also aids in understanding and releasing the causes of addiction. Iolite helps keep the Third Eye and Crown Chakras in balance.