What does malachite do spiritually? Transformation and Inner Growth: Malachite is often regarded as a stone of transformation. It is believed to assist individuals in breaking free from old patterns, habits, and thought processes, thereby facilitating personal growth and spiritual evolution. What happens when you wear malachite? Your heart chakra and throat chakra will be awakened and balanced when you wear the stunning Malachite Jewelry. It improves the immune system, stabilises mood swings, eases cramping, and treats menstruation disorders.