Blue Tiger Eye History, Meaning, Properties, Benefits & How To Use The reason why the blue tiger eye stone is such a captivating stone is because it displays a beautiful optical effect, chatoyancy, because of which the stone resembles the eye of a hawk which has a focused and sharp gaze. In the Blue Tiger Eye Meaning, chatoyancy is also called “hawk’s eye shimmer” or “hawk’s eye effect,” and it occurs as a result of the parallel arrangement of asbestos fibers within the stone. In a properly cut and polished cabochon of blue tiger eye, you will observe that these asbestos fibers reflect light in such a way that a beautiful bright band of light seems to move across the surface of the stone. This results in the stone having the appearance of a luminous eye, which is one of the main reasons why blue tiger eye jewelry is so popular in the market.