Although these peridot minerals are often mistaken for emeralds, due to their striking resemblance, it is believed that these stones have magical and mysterious healing powers associated with them. It is for this reason that such august stones are being used in different types of jewellery. Nowadays, there are peridot ring , peridot earring and even peridot pendants. It is believed that peridot can help in alleviating asthma problems by ingesting crushed peridot stone. There are also beliefs that peridot can help to increase the vitality and strength of the body and that it also has a calming effect on one. It is no wonder then that so many people are nowadays wearing such peridot jewelry.