This gemstone has a green vibrant glow and possibly derives its name from the Arabic word for gem, faridat. It may also derive its name from the Greek word for “giving plenty,” peridona. But some believe it’s rooted in the Greek word peridona, meaning “giving plenty.” Perhaps that’s why peridot was, according to lore, associated with prosperity and good fortune.
Peridot is actually gem quality olivine, a mineral commonly found in mafic igneous rocks such as basalt, gabbro, and peridotite. Peridot is often found along divergent plate boundaries and hot spots such as Hawaii. In fact, Hawaiian folklore says that peridot symbolizes the tears of the volcano goddess Pele. While olivine is a common mineral, its less common to have the gem quality version of the mineral, peridot.