Larimar is know under a few different names including: The Dolphin Stone, The Atlantis Stone, and The Caribbean Stone.

Larimar is commonly believed to be a calming stone, offering many incredible healing powers. It is considered by some to aid in communication and is associated with the crown, heart, third eye and throat chakras. Many alternative and holistic healers use larimar for a variety of physical, emotional and spiritual healing practices. Larimar promotes relaxation in the wearer and can be used as a worry stone. Worry stones are smooth, polished gemstones typically in the shape of an oval which, when gently rubbed between the thumb and pointer finger, are said to create a soothing sensation.

To date, the only known major deposits of larimar are found in the Dominican Republic where it was most likely treasured by the area's first inhabitants, the Taino Indians. The only known major larimar mine is in this remote, mountainous location in the Dominican province of Barahonas where locals still mine the stone from narrow crevices using primitive hand tools. There are some small mines where larimar is found in the United States and Canada.