The modern August birthstone, peridot has been prized as a jewelry stone since ancient times. Always green in color but with considerable variations, a peridot's particular shade depends on its source. Peridots have been credited with protecting their wearer during the night.
Peridot has been mined as a gemstone for over 4000 years. This gem is available in just one color. Its greens range from bottle green to an olive green. Given its resemblance to the color of money, peridot has often been associated with prosperity and good fortune. Ancient Egyptians called the peridot the “gem of the Sun,” as they believed it protected those who wore it from the terrors of the night. In addition to being the birthstone for August, it is associated with the star sign of Capricorn and used to celebrate the 16th wedding anniversary.
Spinel has been mistaken for Rubies for so long. Until the late 19th century, there was no distinction between Ruby and Red Spinel, as they look almost identical and are often found in the same localities. Spinel is a favorite of many gem collectors. It has fantastic brilliance with a vitreous luster, and as it is very durable and tough, it makes it an ideal gem to set into jewelry. All spinel are good for detoxification and regulating the metabolism. Spinel is birthstones for August, for the 22nd wedding anniversary and Scorpio and Sagittarius.