The Meaning of Iolite: Also known as Cordierite and "water sapphire" is usually a blue to violet colored gemstone. Metaphysical properties include: stimulation of the third eye, enhancement of your inner knowing; helps one to eliminate debt by accepting responsibility which leads to successful management of money; has been a stone worn by Shamans in the past to insure accuracy of visions; also can aid the elimination of disharmony in relationships. INDIGO: It is, like green, a meeting-ground for all the colors. It In the aura it shows dignity and high aspirations. Wear Iolite Jewelry to aid financial situations.