Peridot is named after the French word peritot, meaning gold, because the mineral can vary towards this colon Peridot has been long considered to be an aid to friendship and supposedly frees the mind of envious thoughts. It is also supposed to protect the wearer from the evil eye. Other legends credit peridot with bringing happiness and good cheer, attracting lovers Peridot is the birthstone for the month of August. It is also the stone given to celebrate the 16th year of marriage. Peridot has a very long written history. Ancient papyri record the mining of these stones as early as 1500 BC. The main source of peridot in the ancient world was Topazo Island (now Zabargad or St. John’s Island) in the Egyptian Red Sea. In Ancient times, peridot stones were used for carved talismans. Island habitants were forced to collect the gems for the Pharaoh’s treasury. Legend says that jealous watchers who had orders to put to death any trespassers guarded the entire island. The story continues that the miners worked in the daytime as well as night, as the gems could be found after nightfall due to their radiance. The miners would mark the spot at night for retrieval the following day.