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Benefits of Gray Moonstone Gray moonstone is a Stone of perceiving beyond the veil.Gray Moonstone is also known as “New Moon Stone” and carries the mysteries and powers of the New Moon, where all things exist as potential. This Gemstone is a powerful magnifier of intention and can help you bring forth creations from the void. A stone for “new beginnings”, Moonstone is a stone of inner growth and strength. It soothes emotional instability and stress, and stabilises the emotions, providing calmness. Moonstone enhances intuition, promotes inspiration, success and good fortune in love and business matters.