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Labradorite is thought to be a powerful stone that allows its wearer to see through illusions and brings insight. It is said to be excellent for strengthening intuition and for providing relief from anxiety, hopelessness and depression, replacing these negative feelings with enthusiasm, self-confidence and inspiration.
According to a Canadian Eskimo legend, the Northern Lights were once trapped in the rocks along the coast of Labrador, and then a wandering Eskimo warrior found them and freed most of the lights with a mighty blow of his spear. Some of the lights were still caught within the stone, however, and thus we have the beautiful mineral known as labradorite. (http://www.gemselect.com/other-info/about-labradorite.php)