Iolite Jewelry: A Natural Way to Enhance Your Well Being The name of this gorgeous gemstone, Iolite, is derived from the Greek word ‘ios’ that means violet. Iolite is found in different hues such as blue, purple, gray, and sometimes colorless also. Most loved color is purple in Iolite jewelry as it contains a large amount of iron mineral. This brilliant stone pairs well with sterling silver jewelry. Silver itself carries uncountable benefits that unfortunately helps gemstone to work more efficiently.