Magnetic dust collected from multiple fusion devices (FTU, Alcator C-Mod, COMPASS) that feature different plasma-facing components (PFCs) and toroidal magnetic fields has been analyzed by means of the X-ray diffraction technique aiming to investigate the nature and origin of dust magnetism. Analysis led to the conclusion that the main mechanism of ferromagnetic dust formation is the change of iron crystalline phase from austenitic to ferritic during the re-solidification of stainless steel droplets. Analysis also revealed differences in the collected dust structure and an unexpectedly high amount of stainless steel based dust in its native austenitic phase. Theoretical estimates showed that the magnetic moment force can also mobilize strongly paramagnetic adhered dust prior to the establishment of proper tokamak discharges. The post-mortem analysis of dust collected during pure magnetic discharges in FTU confirmed these estimates.