Emerald is associated with Venus, the Greek goddess of love and beauty. They say an emerald pendant can protect lovers from unfaithfulness. 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.