Labradorite is known as the "Spiritual Awakening" stone and is known to reveal to you your spiritual destiny, and will also help you develop your psychic abilities. This usually happens during your dream state, when your unconscious mind is more willing to work with this type of thing, so it's probably a wise idea to meditate with your stone (I think I made a post about how to do this), and I would also try to sleep with your stone under your pillow or on your nightstand.
This stone can also help you develop your ability to see auras. Labradorite promotes strength of will and a feeling of inner worth about your own abilities. It also helps to combine intellectual thought with intuitive wisdom enhancing creativity, and promotes creativity by inspiring you to come up with original ideas and solutions to problems. Also an excellent gemstone for those seeking to lose weight as it balances and regulates metabolism.
A little history: Labradorite was first found in 1770 on the Labrador Peninsula in Canada. It is also found in Norway, and the former USSR. There is a blue semi-transparent variety called spectrolite that is only found in Finland. (That was found here.) That website is also a pretty good site for buying various stones and has some great info, I visit there a lot.
Hope this helped some, let me know if you have any other questions!