NYC Wholesale Diamonds designs a wide selection of styles with Diamonds complementing Peridot, the birthstone for August. Peridot (pronounced pair-a-doe) is the gem variety of olivine. Peridot is the birthstone for August and the zodiac stone for the constellation Libra (astrological sources refer to peridot as Chrysolite). Peridot is associated with the values of fame, dignity, protection, and success.
Olivine, which is actually not an official mineral, is composed of two minerals: fayalite and forsterite. Fayalite is the iron rich member and forsterite is the magnesium rich member. Peridot is usually closer to forsterite than fayalite in composition although iron is the coloring agent for peridot. The best colored peridot has an iron percentage of less than 15% and includes nickel and chromium as trace elements that may also contribute to the best peridot color.
Gem quality peridot comes from the ancient source of Zagbargad (Zebirget) Island in the Red Sea off the coast of Egypt; Mogok, Myanmar (formerly known as Burma); Kohistan, Pakistan; Minas Gerais, Brazil; Eifel, Germany; Chihuahua, Mexico; Ethiopia; Australia; Peridot Mesa, San Carlos Apache Reservation, Gila County, Arizona and Salt Lake Crater, Oahu, Hawaii, USA. The best quality peridot has historically come either from Myanmar or Egypt. But new sources in Pakistan are challenging that claim with some exceptional specimens. The Arizona gem material is of lesser quality, but is far more abundant and is therefore much more affordable. An estimated 80 – 95% of all world production of peridot comes from Arizona. The Myanmar, Pakistani and Egyptian gems are rarer and of better quality , and thus quite valuable approaching the per carat values of top gemstones. Possibly the most unusual peridot is that which comes from iron-nickel meteorites called pallasites. Some are actually faceted and set in jewelry.