Black Hematite and Blue Agate Gemstone with Black Hematite Buddha head are believed to have grounding and protective properties. The name Hematite comes from the Greek word "haima" which means "blood". It was used in ancient times to protect against bleeding and blood-related ailments. In modern times, Hematite is known for its ability to ground individuals in the present moment, providing a sense of protection and connection to the Earth.