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 healing crystals are vision stones, clearing thoughts and opening intuition. Iolite also aids in understanding and releasing the causes of addiction. It is sometimes used to eliminate debts and maintain finances. Iolite healing crystals help keep the Third Eye and Crown Chakras open and in balance.