Iolite is the gem variety of Cordierite. Iolite can be light to deep blue and usually has a purplish tinge to it. The name “iolite” comes from the Greek word for violet. Another old name is dichroite, a Greek word meaning “two-colored rock”, a reference to cordierite’s strong pleochroism. It has also been called “water-sapphire” and “Vikings’ Compass” because of its usefulness in determining the direction of the sun on overcast days, the Vikings having used it for this purpose.