Peridot: Meaning, Properties, and How It Can Benefit You Peridot, the enthralling green crystal possesses rich history and cultural importance that stretches back thousands of years. Eminent for its lush green color and unique crystal structure, peridot is an enchanting gemstone that has been cherished by civizilizations throughout history for its charm and distinctive healing properties. How the name peridot originated is concealed in mystery, but it is believed that it has come from the Arabic word “faridat,” which means “gem.” The ancient Egyptians referred to the peridot as the “gem of the sun” because of its vibrant green coloration that summoned the thoughts of sunshine and vitality.