The ancient Egyptians mined peridot on the Red Sea island of Zabargad, the source for many large fine peridots in the world’s museums. The Egyptians called it the “gem of the sun.” Today this gem is still prized for its restful yellowish green hues and long history. Large strongly-colored, examples can be spectacular, and attractive smaller gems are available for jewelry at all price points. <br /><br />The modern August birthstone, peridot has been prized as a jewelry stone since ancient times. Always green in color but with considerable variations, a peridot’s particular shade depends on its source.<br /><br />Peridot is a well-known and ancient gemstone, with jewelry pieces dating all the way back to the Pharaohs in Egypt. The gem variety of the mineral Olivine, it makes a lovely light green to olive-green gemstone. The intensity of color depends on the amount of iron present in a Peridot's chemical structure; the more iron it contains the deeper green it will be. The most desirable color of Peridot is deep olive-green with a slight yellowish tint. Deeper olive-green tones tend to be more valuable than lighter colored greens and yellowish-greens.<br /><br />