The name Labradorite comes from the province of Labrador in Canada, which is a famous locality for Labradorite with an iridescent play of colors.

Labradorite is said to provide quick relief from anxiety, hopelessness and depression, replacing them with enthusiasm, self-confidence and inspiration. It is said to dispel negativity and to bring clear understanding by enhancing clarity of thought and improving one's ability to cooperate with others in harmony.