Possessing strong "righteous energy" and a powerful magnetic field, it is considered a potent amulet, used to ward off evil spirits, dispel misfortune, protect against backstabbers, safeguard the home, and bring good fortune.
It is believed to attract wealth, being a gemstone for both regular and windfall income. It can also help improve luck, dispel illness and negative energy, and has a beneficial effect on physical health. It is often recommended for those facing career challenges, decision-making difficulties, or recent periods of bad luck.