The gem in a citrine pendant is considered a harmonious, optimistic, and cheerful stone with the ability to brighten up our hearts darkest places Legends say that wearing a peridot pendant can bring happiness and contentment. Set in gold and surrounded with diamonds, the power of a peridot is said to intensify. Legends say that wearing a peridot pendant can bring happiness and contentment. Set in gold and surrounded with diamonds, the power of a peridot is said to intensify.