Callaghanite is named after Dr Eugene Callaghan, who was the Director for the Bureau of Mines in New Mexico.

Callaghanite is believed to help dissolve jealousy and resentment, making it easier for individuals to move past negative thoughts and energies. Callaghanite is also said to encourage confidence and inner strength, making it an excellent aid for public speaking and presenting. It can also calm thought processes and help individuals see things more rationally.