Jewelry is made from almost any element or mineral that can be easily worked and for which people will pay for. Hematite jewelry is no different in that when polished, hematite has a shiny look and is easy to work by the craftsman who make it.
Hematite is a mineral consisting of iron (III) oxide. It is mined in great quantities for the production of iron and many countries. The color of hematite varies from the reddish browns to greys and almost blacks, depending on where they are first mined. When shined it looks almost like metal.