Spectropyrite Druzy History, Meaning, Healing Properties and Benefits Spectropyrite druzy, also famous as rainbow pyrite, is the most unique stone which helps you to turn heads in any event whether formal or informal as it is a captivating and visually appealing mineral that holds both geological significance and mystical allure. Composed primarily of iron sulfide, its enchanting shimmer is attributed to the presence of dazzling minerals like chalcopyrite, covellite, or bornite. Typically found in sedimentary rocks alongside coal seams or organic-rich shales, spectropyrite druzy exhibits a mesmerizing rainbow-like gleam, showcasing a spectrum of colors ranging from metallic golds and bronzes to vibrant blues and greens.