Place an order for Rainbow Moon Stone Rune Set at Crystal Export. Rainbow moonstone is thought to bring balance, harmony and hope while enhancing creativity, compassion, endurance and inner confidence. Rainbow moonstone is believed to help strengthen intuition and psychic perception, especially offering us visions of things that aren't immediately obvious. Rainbow Moonstone, also known as White Labradorite, is actually a variety of Labradorite that exhibits flashy colors and rainbows throughout. Runes are the letters in a set of related alphabets known as runic alphabets, which were used to write various Germanic languages before the adoption of the Latin alphabet and for specialised purposes thereafter.