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Peridot is one of the few gemstones, which exist only in one color. Its color agent is iron that accounts for the deep green color with that slight golden hue. Chemically Peridot is just an iron-magnesium-silicate, and the intensity of color depends on the amount of iron contained. The color as such can come in any variation from yellow-green and olive to brownish green.

Today most peridot is mined, often by hand, by Native Americans on the San Carlos Reservation in Arizona. Peridot found here is beautiful in color but relatively small in size. Faceted peridot from Arizona is rare in sizes above five carats. Fine large peridot are found in Burma and large quantities of peridot are also mined in China. In 1994, an exciting new deposit of fine peridot was discovered in Pakistan, 15,000 feet above sea level in the far west of the Himalaya Mountains in the Pakistanian part of Kashmir.