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Peridot is a mineral of the olivine family. It has a color that is entirely its own, but it is many a times confused with Emerald stone. The green color of a Peridot ranges from pale green to bottle green and dark green. It is the birthstone of August and a very auspicious stone for those couples who are celebrating their 16th anniversary. It is a very beautiful gemstone and so it makes very good jewelry. It is a stone of lightness and beauty and it has many benefits attached to it.Peridot was a very famous stone during ancient times. This stone is substitute of Emerald. Peridots have magical and mystical properties associated with them. Some of its benefits are: Peridots increase strength and vitality in people. They have a calming effect on the wearer. They are also said to bring happiness and warmth in the lives of people. They increase strength in people and reduce anxiety. When used as a necklace, they become a protector against negative emotions. They are known to have healing effect on liver and gall bladder.