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Hematite Pseudomorph after Magnetite 67.02 g 53x35mm Necklace / Pendant Color may slightly vary fromNo Returns on Final Clearance Items. Hematite after Magnetite Pseudomorphs from Payun Volcano in Argentina. We only have 4 flats 137 of these super rare mineral specimens. These were last found around 2004, and only once or twice before then. Long ago they were Magnetite Crystals and through oxidation and other chemical reactions the molecules of the Magnetite changed into Hematite while maintaining the original crystal structure. Pseudomorphs are