Specular hematite also known as specularite is very soft. For this reason stones are often covered with a film of resin. The surface of this piece has been highly polished to create a glass-like finish. This type of lustre is known as vitreous.
With the reflection of light it looks as if there's a fine layer of glitter just beneath the surface. If you're familiar with goldstone, the surface of specular hematite has a similar appearance but instead of being man-made it's natural.
The subtle red hue that can be seen in our second photo is caused by the hematite. This mineral's streak is red which is how the name hematite came about. 'Hema' or more correctly 'haema' comes from the Greek for 'blood'.