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The Cat's Eye gemstone is actually a Chrysoberyl. Chrysoberyl is derived from the Greek words "Beryl", meaning green and "Chryso", meaning golden. The two words combined mean "gold colored beryl". In spite what the name implies, Cat's Eye is not actually a beryl at all. The name Cat's eye is derived from the phenomena displayed by this stone known as chatoyancy, which in French literally means "cat's eye".
Cat's Eye has been treasured for many centuries, and is believed to be a powerful protective stone, particularly against evil spirits. Chrysoberyl has long been considered a good luck charm in numerous cultures.