Never more popular, dangly earrings are not just for diamonds anymore. Browse our selection of dangly and drop Peridot earrings and make a fashion statement! 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.