Labradorite is prized for its brilliant blue-green and yellow rainbow flashes. This flashing effect is known as "labradorescence," causing a mesmerizing play of colors every time the stone moves and hits the naturally included Magnetite crystals within the stone. Labradorite is a mystical stone that deflects unwanted energies. Labradorite is also used as a motivational stone. It is great for working with the Third Eye Chakra.