The basic elements that make up Phosphosiderite are phosphorus and iron, hence the name.The word Sideros, meaning iron, comes from the Greek language.
Phosphosiderite is found mainly in Argentina and Chile, but has also been found in Germany, USA and Portugal. It has a hardness of 3.5-4 on Mohs Scale.
The shades of purple in Phosphosiderite are supposed to aid in reducing anger, and to assist in calming down the heightened temperament of a person, bringing about a feeling of peacefulness.
It is believed to help heal problems related to the third eye chakra, which is associated with knowledge and perception.