Buy Labradorite Gemstone & Natural Labradorite Cabochons The Labradorite stone gets its name from the Labradorescence effect. Also, the name comes from the area where the gem is majorly found and was first discovered - 'Labrador', Canada The suffix can also be traced back to Ancient and Latin Greek. Labradorite is also called the 'gem of mysticism' and is often connotated with the natural phenomenon of beautiful Northern Lights. In Finland, labradorite is called 'spectrolite', as the type of gem found can exhibit a spectrum of colors. Labradorite crystal is a feldspar mineral and inculcates a triclinic crystal system. These come in a variety of sizes and shapes and can be clear, white, or gray. These have 'Labradorescence', which means that due to the refraction of light and the internal structure of the stone, it can reflect only selective colors.