Peridot is the gem variety of the mineral olivine. The most ancient source of fine peridot is a tiny island in the Red Sea known as Zabargad. Peridot has also been recovered from meteorites. It is believed to bring purity when worn.
Spinel comes in a painter’s palette of colors: orange, intense “stoplight” red, vibrant pink, and all shades of purple, blue and violet through bluish green. Fine specimens became the treasured property of kings and emperors. Spinel is believed to promote health.
Source: GIA Gem Encyclopedia