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BLOODSTONE Bloodstone is a projective green chalcedony flecked with red spots. In ancient Babylon the stone was worn to overcome enemies and was used in Ancient Egypt to open doors and break bonds. Its most famous use is to halt bleeding. It was always carried by soldiers. Because it is green is utilized wealth, money and business spells. The 13th century people believed this stone increased your magical rites. This is the stone of March. The ancients called this stone hematite, although what we call hematite today is a different stone entirely. See also: chalcedony and hematite.