Peridot is one of the few gemstones that occur in only one color, an olive green. The intensity and tint of the green, however, depends on how much iron is contained in the crystal structure, so the color of individual peridot gems can vary from yellow- to olive- to brownish-green. The most valued color is a dark olive-green.
It is sometimes mistaken for emeralds and other green gems. In fact notable gemologist George Frederick Kunz discussed the confusion between emeralds and peridots in many church treasures, notably the "Three Magi" treasure in the Dom of Cologne, Germany. Peridot crystals have been collected from some Pallasite meteorites. A famous Pallasite was offered for auction in April 2008 with a requested price of close to $3 million at Bonhams, but remained unsold. Peridot is the only gemstone found in meteorites.
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