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Peridot is said to have positive healing effects on the gallbladder and liver, as well as for those who are suffering from depression, shot temperament, fear and anxiety. It is believed to provide good luck, prosperity and growth, as well.Zodiac signs that should wear Peridot gemstone are Leo, Virgo, Scorpio and Gemini zodiac signs. If you are born in the month of August, then the Peridot stone would be very beneficial for you as peridot is the August birthstone. Peridot is also worn as a substitute for Emerald gemstone.Known as the stone of compassion, peridot is believed to bring good health, restful sleep and peace to relationships by balancing emotions and mind. This friendly bright green stone also has the uncanny ability to inspire eloquence and creativity; it also brings delight and good cheer.