Carat Weight .43 Listed Value $100
Olivine, of which peridot is a type, is a common mineral in mafic and ultramafic rocks, and it is often found in lavas and in peridotite xenoliths of the mantle, which lavas carry to the surface; but gem quality peridot only occurs in a fraction of these settings. Peridot can be also found in meteorites.

Olivine in general is a very abundant mineral, but gem quality peridot is rather rare. This is due to the mineral's chemical instability on the Earth's surface. Olivine is usually found as small grains, and tends to exist in a heavily weathered state, unsuitable for decorative use. Large crystals of forsterite, the variety most often used to cut peridot gems, are rare; as a result olivine is considered to be precious.