Peridot was called ‘gem of the Sun’ by the Egyptians rightfully because of the power it holds. Peridot is the birthstone of the month of August and is prized for its vibrant green and yellow hues.The gemstone has the concentration of mineral olivine. The green color of the gemstone is a result of the presence of iron and magnesium. Peridot birthstone is known to aid in purification of the heart of the wearer and is vicariously used in making fine jewelry pieces. Most of the time, the attributes of purity, calmness, and serenity are associated with the gemstone.